Dennis P. Lockhart
took office March 1, 2007, as the 14th president and chief executive officer of
the Federal Reserve Bank of Atlanta. In this role, Lockhart is responsible for
all the bank’s activities, including monetary policy, bank supervision and
regulation and payment services. In addition, he serves on the Federal
Reserve’s chief monetary policy body, the Federal Open Market Committee (FOMC).
From 2003 to 2007, Lockhart served on the faculty of Georgetown University’s School of Foreign Service. He also was an adjunct professor at Johns Hopkins University’s School of Advanced International Studies.
From 2002 to 2007, he served as chairman of the Small Enterprise Assistance Funds, a sponsor/operator of emerging markets venture capital/private equity funds. From 2001 to 2003, Lockhart 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, Lockhart worked for 13 years at Heller Financial, where he served as president of Heller International Group, which had activities in commercial finance and merchant banking 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, Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup). Early in his career with Citibank, he worked in the Middle East in Lebanon, Saudi Arabia, Greece and Iran. From 1978 to 1986, he served in Atlanta as Citicorp’s senior corporate officer and head of corporate banking for the Southeast. And from 1987 to 1988, he was head of the firm’s Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.
Lockhart serves as a director of the Metro Atlanta Chamber of Commerce and chairs the World Affairs Council of Atlanta and the Midtown Alliance. He is also a trustee of Agnes Scott College and the Atlanta International School.
Lockhart was born in 1947 in Bakersfield, Calif. He earned a B.A. in political science and economics from Stanford University in 1968 and a M.A. in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. He also attended the Senior Executive Program at MIT, Sloan School of Management, in 1994. He served as an officer in the U.S. Marine Corps Reserve from 1968 to 1974.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which covers Alabama, Florida and Georgia, and parts of Louisiana, Mississippi and Tennessee. The bank has branches in Birmingham, Jacksonville, Miami, Nashville and New Orleans.