Dennis P. Lockhart

President
Federal Reserve Bank of Atlanta

Dennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Sixth District Federal Reserve Bank, at Atlanta. In 2009, he serves as a voting member of the Federal Open Market Committee.

Mr. Lockhart was born on February 1, 1947, in Bakersfield, California. He earned a B.A. in political science and economics from Stanford University in 1968 and an M.A. in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. He served as a lieutenant in the U.S. Marine Corps Reserve from 1968 to 1974.

Mr. Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup) from 1971 to 1988. Early in his career with Citibank, he worked in the Middle East, first in Saudi Arabia as head of infrastructure project financing and then in Greece as training director for credit and managerial staff serving the region. Mr. Lockhart also served in Iran as chief operating officer of a commercial and consumer banking joint venture between Citibank and an Iranian affiliate. From 1978 to 1986, he was senior corporate officer of the Southeast office of Citibank in Atlanta. From 1987 to 1988, Mr. Lockhart was head of the firm's Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.

From 1988 to 2001, he worked at Heller Financial, where he served as executive vice president and director of the parent company and as president of Heller International Group, which, through joint ventures or wholly owned operating companies, had activities in commercial banking, finance, and merchant banking in North and South America, Europe, and Asia.

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

From 2003 to 2007, he served on the faculty of Georgetown University's Walsh School of Foreign Service, teaching in the master's program. In this role, he was chairman of the program's concentrations in international business-government relations and global commerce and finance. Mr. Lockhart also taught courses in international investment, global business strategy, and other subjects. He also was an adjunct professor at Johns Hopkins University's Nitze School of Advanced International Studies.

Mr. Lockhart serves on the board of directors and the executive committee of the Metro Atlanta Chamber of Commerce. Before joining the Atlanta Fed, he served as a member of the boards of directors of several companies, including CapitalSource Inc., a REIT/finance company; Tri-Valley Corporation, an independent oil, gas, and mining exploration firm; and Greenfield Holdings Credit Ltd., a joint venture agribusiness finance subsidiary of DuPont Corp. and Bunge Corp. in Brazil. Lockhart also was chairman of the Small Enterprise Assistance Funds, a nonprofit operator of emerging markets venture capital funds. In 1999 and 2000, he served on the Advisory Committee of the U.S. Export-Import Bank and chaired the committee in 2000.