New Kansas City Fed president/CEO named

The current president and CEO of the Southwestern Graduate School of Banking Foundation at Southern Methodist University has been appointed the next president and CEO of the Kansas City Fed, effective later this month.

Jeffrey Schmid, who has served with SWGSB since 2021, will take the reins of the Kansas City Fed on Aug. 21. Schmid succeeds Esther George, who retired from the bank on Jan. 31, as required by mandatory Federal Reserve retirement rules for presidents.

Schmid’s appointment was approved by the Kansas City Fed’s non-banker directors and follows a nationwide search led by a search committee chaired by Griego-Raby. Schmid’s selection was then approved by the Federal Reserve’s Board of Governors in Washington, D.C.

You can click here to read more about Schmid and his appointment as the new Kansas City Fed president and CEO.