Goldman Sachs names ex-Dallas Fed chief Robert Kaplan as vice chairman

Core Insights - Goldman Sachs appointed Robert Kaplan, former president of the Federal Reserve Bank of Dallas, as its vice chairman, enhancing its management committee with an influential figure from the financial sector [1][2] - Kaplan's previous controversies regarding personal stock trading led to his resignation from the Dallas Fed in September 2021, although he maintained that he adhered to ethical standards [2] - His role will involve providing strategic advice to Goldman Sachs' global clientele and collaborating with various teams across the bank [2][4] Company Developments - Kaplan will be based in Dallas, Texas, where Goldman Sachs is expanding its presence with a new campus that will accommodate 5,000 employees, supported by $18 million in tax breaks from the city [3] - The new campus, costing nearly $500 million, is set to open in 2027 and will feature various amenities including underground parking and a 1.5-acre urban park [3] - Kaplan's appointment comes as Goldman Sachs seeks to strengthen its leadership team following several high-profile departures, indicating a strategic move to regain market position [5] Leadership and Strategy - Kaplan expressed enthusiasm about working with the talented workforce at Goldman Sachs to enhance the firm's culture and client service [4] - Chairman David Solomon highlighted Kaplan's extensive knowledge and global leadership experience as valuable assets to the firm [4]