Ben UpdatesRichard-Fisher

In more than 30 years in banking and trade, Richard Fisher has played central roles in guiding the U.S., its economy and, for the last seven years, executive management at Beneficient as a member of the company’s Board of Directors.

This month, Mr. Fisher will step away from the Beneficient Board to take on a new role as a consultant to Beneficient.

“Richard has played an important role in the growth and development of Beneficient,” said Brad Heppner, Ben’s Chairman and CEO. “We are sorry to see him leave the Board of Directors, but we are very happy we will still have him involved with us as a consultant to the company.”

Mr. Fisher is well known to investors across the country as a regular source on CNBC and other media for his insights on the market and the economy. He served as President and CEO of the Federal Reserve Bank of Dallas from April 2005 to March 2015, a critical period for the economy during which he sounded the alarm about a housing crisis two years before it triggered what would be known as “the Great Recession.”

Mr. Fisher called the Ben concept an evolution for the alternative asset market. “If that concept succeeds, which I’m confident it will, then [Brad Heppner] will completely transform the way that people can access private equity investments and illiquid investments of all kinds, not just for the super-large institutions, but for other income groups, as well. And that would be a huge innovation,” Fisher said in a 2020 interview with the SMU Cox School of Business.