Cleveland Fed names next CEO, president: Beth M. Hammack is a Goldman Sachs veteran.

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  • Additional Information
    • Subject Terms:
      GOLDMAN Sachs Asset Management (Company) ; BOARD of Governors of the Federal Reserve System (U.S.)
    • Abstract:
      The Federal Reserve Bank of Cleveland has announced that Beth M. Hammack, a former executive at Goldman Sachs, will become its next president and CEO. Hammack will be the fourth woman to lead the Cleveland Fed and will oversee approximately 1,100 employees across offices in Cleveland, Cincinnati, and Pittsburgh. She brings over 30 years of experience in finance, capital markets, and risk management, and will become a voting member of the Federal Open Market Committee. The selection process for the new president involved public town halls and outreach to the community, with a focus on transparency and diversity. [Extracted from the article]