Bridge Partners is hiring a General Counsel for the Federal Reserve Bank of New York
October 28, 2022 – New York-based Bridge Partners helped recruit Richard Ostrander as new legal counsel to the Federal Reserve Bank of New York. Recruitment firm founders and partners Tory Clarke and Larry Griffin, along with partner Ryan Whitacre, led the mission. “Rick has deep expertise in the legal and compliance issues facing financial institutions and markets today, which will help us lead and prepare for the digital innovation of tomorrow,” said John C. Williams. , President and CEO of the New York Fed. “His commitment to diversity, equity and inclusion practices within teams and his ability to engage inclusively with lines of business on complex legal challenges will make him a great addition to our leadership team. .”
Mr. Ostrander will join the New York Fed in November. He is currently Managing Director of Legal and Compliance at BlackRock. In his current role, Mr. Ostrander oversees legal coverage of trading activities at BlackRock, as well as legal coverage of BlackRock Solutions and related technology areas and issues. He is a member of several BlackRock risk management and oversight committees and is an active leader in the legal and compliance function’s diversity, equity and inclusion initiatives. Prior to joining BlackRock in 2011, Mr. Ostrander was Managing Director responsible for global legal coverage for Morgan Stanley’s Fixed Income division. He began his legal career as an associate at Cleary Gottlieb in 1995.
In his new role with the New York Fed, Mr. Ostrander will also serve as a member of the bank’s executive committee and act as deputy general counsel to the federal open market committee. “I couldn’t be more honored to be offered the opportunity to join the New York Fed,” he said. “I am delighted to be able to apply the skills I have acquired during my career to such an important public service mission. The New York Fed is at the heart of multiple critical public policy issues and it will be a privilege to help the legal group and the bank address them.
The Federal Reserve Bank of New York is one of 12 regional reserve banks which, together with the Board of Governors in Washington, DC, constitute the Federal Reserve System. The Fed, as the system is commonly known, is an independent government entity created by Congress in 1913 to serve as the central bank of the United States. The Federal Reserve is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, and providing financial services. services for the US government. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the US Virgin Islands.
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Four years ago, Bridge Partners and Spencer Stuart appointed John Williams as president and CEO of the New York Fed.
Bridge Partners is a Certified Minority Supplier and Minority Trading Company. Based in New York, with offices in Washington, DC, Philadelphia, Chicago and Boston, the company has searched for senior executives in higher education/university for positions such as human resources manager, finance manager, of Audit and Deans. Its nonprofit and for-profit clients include the Denver Housing Authority, Women In Need, TIAA-CREF, Freddie Mac, Accion, Colgate-Palmolive, YWCA, Starbucks, and the Federal Reserve System.
Ms. Clarke takes on high-level global research assignments for private sector, public sector and international non-profit/social enterprise clients, across all functions. A 20-year veteran of the executive search industry, she has recruited a variety of executives, including CEOs/Presidents and their leadership teams, both at corporate headquarters and in regional locations around the world.
Mr. Griffin partners with clients on leadership engagements in the private, federal/public, and not-for-profit sectors. He has been in executive search for nearly 30 years and has recruited various leaders in multiple functions, from CEO/Executive Directors/Presidents to functional heads, including CFO, CMO, CIO, the Strategy Director and their teams.
Mr. Whitacre is a strategic advisor and talent scout to hiring managers and search committees for leadership positions – board, C-suite and function heads – across the industry and the ‘industry. As head of Bridge Partners’ Chicago office, he is dedicated to identifying and recruiting a diverse set of talent for every assignment.
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Contributed by Scott A. Scanlon, Editor; Dale M. Zupsansky, editor; and Stephen Sawicki, Editor – Hunt Scanlon Media