Richard Ostrander

Richard Ostrander is general counsel and head of the Legal Group at the Federal Reserve Bank of New York. He oversees the day-to-day operations of the group, which include Legal, Compliance, Bank Applications, Group Operations and Strategy, and Records Management. He is also a member of the Bank’s Executive Committee and serves as deputy general counsel of the Federal Open Market Committee.

Mr. Ostrander joined the New York Fed in 2022. He previously was a managing director in Legal & Compliance at BlackRock, where he oversaw legal coverage of trading activities and technology products. He also served as a member of several risk and oversight committees and was a champion of L&C’s diversity, equity, and inclusion initiatives.

Prior to joining BlackRock in 2011, Mr. Ostrander was a managing director at Morgan Stanley, responsible for global legal coverage of the firm’s fixed income division. He started his legal career as an associate at Cleary Gottlieb in 1995.

Mr. Ostrander holds a bachelor’s degree from Hamilton College, an MBA from Stanford University’s Graduate School of Business, and a JD from Stanford Law School.