Mark Van Der Weide, a legal star who has been rising for some time, has reached a zenith in the American economy.
The Federal Reserve Board has appointed him as general counsel, following Scott G. Alvarez, a 36-year-veteran of the agency, who is retiring. Van Der Weide beat out many other veteran attorneys for the position, having ascended steadily at the Fed since 2010.
"The Board gave thorough consideration to many highly qualified internal and external candidates and Mr. Van Der Weide was chosen for his exceptional skills and experience," the Fed said in a statement.







