Economics

Richmond Fed Names McKinsey's Thomas Barkin as Its President

  • Leadership announcement disappoints Fed diversity critics
  • Barkin to succeed Lacker, who was forced to resign in April

Richmond Fed Taps Thomas Barkin as President

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Directors at the Federal Reserve Bank of Richmond confirmed Monday they had chosen Thomas Barkin, a senior executive at global consulting firm McKinsey & Co., as the institution’s next president.

“We are fortunate to have found an extremely well-qualified individual to serve the Federal Reserve’s Fifth District and the American people,” Margaret Lewis, chair of the Richmond board of directors, said in a statement.