Real Estate

Fed district that includes Charlotte announces new president

The Federal Reserve Bank of Richmond, which monitors large banks in a district that includes Charlotte, announced a new president on Monday. Thomas Barkin, chief risk officer for consulting firm McKinsey & Company, assumes the Fed role Jan. 1. He replaces Jeffrey Lacker, who abruptly retired this year after acknowledging he had improperly discussed sensitive information involving Fed policy with an analyst. [Inside the vault at the Charlotte Federal Reserve branch] Barkin, the organization’s eighth president, is not new to the Fed. He served on the board of directors for the Fed’s Atlanta district from 2009 to 2014, and chaired that board from 2013 to 2014. Never miss a local story. Sign up today for a free 30 day free trial of unlimited digital access. SUBSCRIBE NOW On Monday the Fed highlighted that Barkin’s duties at McKinsey have included overseeing offices in the South. In his new role at the…