All About Beth Hammack: New President of Federal Reserve Bank of Cleveland

30th May, 2024

The Federal Reserve Bank of Cleveland has announced that Beth Hammack will be its next president and chief executive officer. She will take office on August 21, 2024, following the retirement of the current president, Loretta Mester, at the end of June. Hammack, a former executive at Goldman Sachs, will become the twelfth president of the Federal Reserve Bank of Cleveland.

Photo: The Wall Street Journal

Who Is Beth Hammack?

Beth M. Hammack is a distinguished finance professional with an extensive career at Goldman Sachs. She served as the Co-Head of the Global Financing Group, where she demonstrated exceptional leadership and financial acumen. Despite her significant accomplishments, Hammack is yet to have a dedicated Wikipedia page, though she has garnered considerable public interest.

Early Life & Education

Born in 1972, Beth Hammack is 52 years old as of 2024. She was raised in the United States by her parents, with her father, Howard Morgan, being a well-known venture capitalist. Details about her mother and any potential siblings remain undisclosed. Hammack pursued higher education at Stanford University, earning a Bachelor of Arts degree in Quantitative Economics and History in 1993.

Career at Goldman Sachs

Hammack’s career at Goldman Sachs began shortly after her graduation in 1993. She initially worked as an Analyst in Swaps Trading, then advanced to various senior roles over the years. These positions included Vice President of Interest Rate Options Trading, Managing Director of SSA Trading & Syndicate, and Partner in several capacities. She eventually became the Co-Head of the Global Financing Group. Her tenure at Goldman Sachs spanned nearly three decades, during which she built a robust reputation in the finance sector.

Personal Life of Beth Hammack

Beth Hammack is known for her private nature, keeping details about her personal life away from the public eye. It is presumed she is married, although information about her husband and potential children is not available. Hammack’s net worth is estimated to be around $3 million, accumulated from her successful career at Goldman Sachs, where she held several high-profile positions, including Chief Executive Officer of Goldman Sachs Bank USA for a brief period in 2021.