Cleveland Fed Names Goldman Veteran Beth Hammack as President
- Hammack will assume role in August, replacing Loretta Mester
- Incoming Cleveland chief will vote on rate decisions this year
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The Federal Reserve Bank of Cleveland appointed Beth Hammack, a Goldman Sachs Group Inc. veteran, as its next president.
Hammack, who was most recently co-head of global financing at the Wall Street heavyweight before her departure earlier this year, has more than three decades of experience in finance, capital markets, and risk management. She will replace Loretta Mester, who is stepping down June 30 after a decade in the post.