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Atlanta Fed president Dennis Lockhart to step down

Dennis LockhartDennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, announced his intention to step down from his position effective February 28, 2017.

Mr. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Federal Reserve Bank of Atlanta.

From 2003 to 2007, he served on the faculty of Georgetown University's School of Foreign Service.

Mr. Lockhart also was an adjunct professor at Johns Hopkins University's School of Advanced International Studies.

From 2002 to 2007, Mr. Lockhart served as chairman of the Small Enterprise Assistance Funds, a sponsor and operator of emerging markets venture capital and private equity funds.

From 2001 to 2003, he was managing partner at the private equity firm Zephyr Management LP, based in New York with activity in Africa and Latin America.

Prior to joining Zephyr, Mr. Lockhart worked for 13 years at Heller Financial, where he served as president of Heller International Group, which had activities in commercial finance and investment in Europe, Latin America, and Asia. In 2000, he served as chairman of the advisory committee of the U.S. Export-Import Bank.

From 1971 to 1988, Mr. Lockhart held various positions, both international and domestic, with Citicorp/Citibank (now Citigroup).

Early in his career with Citibank, he worked in Lebanon, Saudi Arabia, Greece, and Iran.

From 1978 to 1986, Mr. Lockhart served in Atlanta as Citicorp's senior corporate officer and head of corporate banking for the Southeast. From 1987 to 1988, he headed the firm's Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.

Mr. Lockhart serves as a director of the Metro Atlanta Chamber of Commerce and the Commerce Club and is past chair of the World Affairs Council of Atlanta, the Midtown Alliance, and the Carter Center's Board of Councilors.

Mr. Lockhart is a trustee of the Georgia Research Alliance and serves on the advisory board of the Andrew Young School of Policy Studies at Georgia State University.

Mr. Lockhart earned a bachelor of arts in political science and economics from Stanford University in 1968 and a master's in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971.

Mr. Lockhart also attended the Senior Executive Program at MIT, Sloan School of Management, in 1994. In 2012, he was awarded an honorary doctoral degree by Georgia State University.

He served as an officer in the U.S. Marine Corps Reserve from 1968 to 1974.


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