N.Y. Fed Appoints Michael Held as General Counsel, According to Reuters

The New York Federal Reserve announced on Friday the appointment of Michael Held as general counsel and head of its legal group, effective Monday.

Held, who has been with the New York Fed for 18 years, will manage the group’s daily operations, which encompass legal affairs, bank applications, compliance, the corporate secretary’s office, the Federal Reserve law enforcement unit, and records management.

For the past eight years, he has served as deputy general counsel and a senior vice president within the legal group. In this role, he established and oversaw the corporate affairs division, providing guidance to senior management on various issues, including corporate governance, ethics, conflicts of interest, and employment law.

Additionally, Held has acted as corporate secretary for the New York Fed for the last decade. In this capacity, he advised the board on oversight responsibilities during and after the global financial crisis. He also represented the New York Fed on the presidential transition team during Tim Geithner’s nomination and confirmation as U.S. Secretary of the Treasury.

Geithner previously served as president of the New York Fed from 2003 to 2009 before taking on the role of Treasury Secretary under President Barack Obama from 2009 to 2013.