Rick Kaglic has been named vice president and senior regional officer of the Cincinnati branch of the Federal Reserve Bank of Cleveland, effective Sep. 4.
He replaces Gary Wagner, who held the position for two years until leaving in May to become an economist at the University of Louisiana at Lafayette.
Kaglic will serve as the bank’s senior official in the Cincinnati region, which includes southwestern Ohio and eastern Kentucky. He will be responsible for managing relationships with regional stakeholders, monitoring the region’s economic environment, and conducting economic research and analysis.
He will also manage the Fed’s relationship with the board of directors of the Cincinnati branch and with business advisory councils in Cincinnati and Dayton, Ohio, and Lexington, Ky.
Most recently, Kaglic was a senior regional economist at the Charlotte branch of the Federal Reserve Bank of Richmond. Prior to joining the research department at the Richmond Fed in 2009, he was a senior economist for Cleveland-based manufacturer Eaton Corporation. He also previously served as chief economist for the Washington State Employment Security Department and spent 11 years as a senior business economist at the Federal Reserve Bank of Chicago.
Kaglic has Bachelor of Arts and a Master of Arts degress in economics from Youngstown State University, Youngstown, Ohio. He is a member of the National Association for Business Economics. He is also a former member of the Ohio Governor’s Council of Economic Advisers.
“Rick has spent much of his career analyzing and monitoring regional economic conditions, and has advised senior management at two reserve banks, in state government, and in the private sector,” said Guhan Venkatu, group vice president of the regional analysis and outreach unit in the Cleveland Fed’s research department. “He brings a wealth of experience and will be a considerable asset to the Cleveland Fed.”
The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, Eastern Kentucky, and the northern panhandle of West Virginia.