The Federal Reserve Bank of Dallas today announced the appointment of Robert Steven Kaplan as president and chief executive officer. In this role, Kaplan will represent the Eleventh Federal Reserve District on the Federal Open Market Committee in the formulation of U.S. monetary policy and will oversee the 1,200 employees of the Dallas Fed.



His appointment is effective September 8, 2015.



Kaplan, 58, is the Martin Marshall Professor of Management Practice and a Senior Associate Dean at Harvard Business School. He is also co-chairman of the Draper Richards Kaplan Foundation, a global venture philanthropy firm that invests in developing non-profit enterprises dedicated to addressing social issues.



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Prior to joining Harvard in 2006, Kaplan was vice chairman of The Goldman Sachs Group, Inc. with global responsibility for the firm's Investment Banking and Investment Management Divisions. Previously, he served as global co-head of the Investment Banking Division. He was also a member of the firm's Management Committee and served as co-chairman of the firm's Partnership Committee and chairman of the Goldman Sachs Pine Street Leadership Program.



Upon leaving the firm in 2006, he was given the honorary title of senior director.

Correction: three of the Fed's 12 presidents are now Goldman Sachs alums. NY, Dallas and Philly. 25% from one bank. Amazing.— Josh Zumbrun (@JoshZumbrun) August 17, 2015

Here's the press release from the Fed:It appears some are finally waking up...Others, broadly disparaged by the "some" as " conspiracy theorists ", have known all of this for a long, long time