Cleveland Fed Taps Goldman Partner As New President
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A partner at Goldman Sachs will serve as the next president of the Cleveland Federal Reserve Bank, replacing President Loretta Mester, whose term expires on June 30.
Beth Hammack, who was most recently the co-head of global financing at Goldman, will oversee the Fourth Federal Reserve District that includes Ohio, western Pennsylvania, eastern Kentucky and the northern panhandle of West Virginia. She is scheduled to take office August 21, with the bank’s First Vice President Mark Meder serving in the interim period after Mester’s departure.
Hammack, who started at Goldman in 1993 and was made a partner in 2010, brings more than 30 years of experience to the position. Hammack’s announcement ends a six-month search by the Cleveland Fed’s board of directors.
“Beth has a deep understanding of…
