Former Dallas Fed Chief Appointed as Vice Chairman by Goldman Sachs

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Robert Kaplan, the former President of the Federal Reserve Bank of Dallas, has been appointed as Vice Chairman of Goldman Sachs. Having led the Dallas Fed until he stepped down amidst controversy surrounding his personal stock trading in 2021, Kaplan’s role will bolster Goldman’s management committee with his influential policy-making skills and previous experience from the company. Kaplan’s resignation from the Dallas Fed came after it was revealed that he had made multimillion-dollar trades in companies like Apple, Amazon, Facebook, Delta Airlines, and Tesla. Though the internal watchdog of the Federal Reserve has stated that Kaplan did not break any laws, there were concerns about the appearance of a conflict of interest. Kaplan will continue to be based in Dallas, as Goldman Sachs has significant plans to expand its footprint in the city, with the development of a $500m, three-building campus that will house up to 5,000 staff members set to commence business in 2027.

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