SWFI – Movers and Shakers – August 19, 2015
Ex-Goldman Sachs Vice-Chair Named Dallas Fed Chief
On August 17th, The Federal Reserve Bank of Dallas named Robert Steven Kaplan its president and chief executive, effective September 8, 2015. Kaplan replaces Richard Fisher who retired in March 2015. Kaplan is a professor of management practice and a senior associate dean at Harvard Business School (HBS). He sits on the boards of Harvard Management Company (HMC), State Street and Heidrick & Struggles, an executive search firm. Kaplan will step down from this three board spots. He will remain co-chairman of the nonprofit New York-based Project A.L.S. and the Draper Richards Kaplan Foundation. Kaplan will remain on the board of Harvard Medical School. Before becoming a professor at Harvard University in 2006, Kaplan was at Goldman Sachs where he was vice chairman and responsible for the firm’s investment banking and investment management units.
Principal Financial Group Names Loyal Insider as CEO
Principal Financial Group has named Daniel J. Houston as CEO of the company. Houston replaces Larry D. Zimpleman. Larry D. Zimpleman will remain as chairman of Principal Financial Group. Houston’s promotion is part of the company’s planned succession. In November 2014, Houston was named chief operating officer and president of Principal Financial Group. Houston joined the company in 1984, working his way from consultant to senior vice president.
As of June 30, 2015, Principal Financial Group had US$ 540 billion in assets under management.
Mohamed al-Mehairi Named CEO of Aabar Investments
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