25 September 2017
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PrimeRevenue adds former Fed exec Lockhart to board

13 September 2017  |  1829 views  |  0 Source: PrimeRevenue

PrimeRevenue, Inc., the leading provider of working capital finance solutions, today announced it has appointed Dennis Lockhart, former president and CEO of the Federal Reserve Bank of Atlanta to its Board of Directors.

Dennis Lockhart served as the 14th president and CEO of the Federal Reserve Bank of Atlanta from March 2007 to February 2017. In this role, he was responsible for all the Bank’s activities, including monetary policy, bank supervision and regulation and payment services. In addition, he served on the Federal Reserve’s chief monetary policy body and the Federal Open Market Committee (FOMC). Prior to this role, he was a faculty member of Georgetown University’s School of Foreign Service and an adjunct professor at Johns Hopkins University’s School of Advanced International Studies. During this time, he also served as chairman of the Small Enterprise Assistance Funds, a sponsor and operator of emerging markets venture capital and private equity funds. He has also held positions at Zephyr Management LP, Heller Financial and Citicorp/Citibank (now Citigroup).

“Over the last 15 years, Dennis has been one of the leading influencers of global monetary and cash policy,” said PJ Bain, CEO of PrimeRevenue. “His experience in the banking, policy and payment sectors and his understanding of the impact cash policy and availability has on global economies is invaluable. Given the scale and growth rate of global supply chain transactions that PrimeRevenue is processing on our platform, his vision and insight on macro and micro economic trends will be a tremendous asset as we navigate our strategic goals in the coming years.”

Lockhart currently serves as a director of the Metro Atlanta Chamber of Commerce and the Commerce Club, and is a director and past chair of the World Affairs Council of Atlanta, the Midtown Alliance and the Carter Center’s Board of Councilors. He is a trustee of the Georgia Research Alliance and serves as director for Invesco Mortgage Capital and Pensare Acquisition Group.

In addition to his community and industry stewardship, Lockhart remains highly active in academics. He is a senior fellow at the Harvard Kennedy School’s Mossavar-Rahmani Center for Business and Government and a distinguished professor at the Georgia Institute of Technology’s Sam Nunn School of International Affairs. Lockhart serves on the advisory board of the Andrew Young School of Policy Studies at Georgia State University as well as on the advisory councils for the Emory Brain Health Center, where he is currently chair, and the Emory Center for Ethics. He is also an executive Sponsor for Learn4Life.

Lockhart commented: “What has drawn me to PrimeRevenue is not just its exemplary work in supply chain finance, but the company’s exceptional commitment to operating a business rooted in integrity, accountability and service.” 

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