Craig Zahnd, newly named general counsel and chief compliance officer at the Federal Reserve Bank of Kansas City in Missouri, was drawn to the bank's public interest mission.

Zahnd, who started his new job Nov. 18, told Corporate Counsel, "The Federal Reserve's mandate is truly unique, and its focus solely on the public interest will no doubt raise many new issues for me to consider. I am looking forward to the challenge."

Since 1977, the Federal Reserve's congressional mandate has been to promote the goals of maximum employment, stable prices and moderate long-term interest rates.