Paul Nelson is an Affiliate Consultant at Bates Group who has more than 45 years of involvement with the regulatory and legal compliance issues facing banks and nonbank financial services providers. His 5 years as a Senior Attorney and Acting Regional Counsel with the Comptroller of the Currency formed the basis of his education in the principles of bank regulation as practiced in the U.S. He has served as a General Counsel of the U.S. House Banking Committee and as a registered lobbyist in private practice. Paul has several years of experience with prominent consulting firms, including PricewaterhouseCoopers, Promontory Financial Group, and two smaller consulting firms. He was Senior Vice President and Chief Compliance Officer for IBJ Whitehall Bank and Trust, a part of the Mizuho Group. For 11 years he was a Senior Vice President, Chief Compliance Officer, and Corporate Secretary of NewTower Trust in Bethesda, Maryland. Most recently Paul was a Director (Audit Committee Chair) and Officer (EVP, Compliance and Trust Officer and Corporate Secretary) with Reserve Trust Co. in Denver, Colorado.
In his long history in financial services regulation, Paul has represented clients in courts, before both federal and state financial regulatory agencies, the U.S. Congress, the SEC, and arbitration panels.
Reserve Trust Company, Director and EVP/ SVP, Denver, CO and Washington, D.C., 2015 – 2020
NewTower Trust Company, Chief Law and Compliance Officer, Bethesda, MD, 2005 – 2016
WBC Financial Group, Principal, Washington, D.C., 2003 – 2014
IBJ Whitehall Financial Group, Senior Vice President and Chief Compliance Officer, New York, 2000 – 2002
PricewaterhouseCoopers, Regulatory Advisory Services Washington, D.C., 1991 – 2000
Private Law and Consulting Practice, Washington, D.C., 1983 – 1991; Cameron and Hornbostel, 1989 – 1991; Washington Bank Consultants, 1989 – 1991; Hamilton and Hamilton, 1986 – 1989; Nelson & Yudin, 1983 – 1986
Committee on Banking Finance and Urban Affairs, U.S. House of Representatives, General Counsel to the Republican Members, Washington, D.C., 1980 – 1983
Comptroller of the Currency, Senior Attorney, Legal Advisory Services Division, Washington, D.C.; Acting Regional Counsel, Region 12, San Francisco, CA; Senior Attorney, Legislative Counsel Division, Washington, D.C., 1975 – 1980
Juris Doctorate (J.D.) and Master of Laws (LL.M.), Taxation, George Washington University Law School, Washington, D.C.
Bachelor of Arts (A.B.), Colgate University, Hamilton, NY
Pacific Coast Banking School, Certificate, Seattle, WA
PricewaterhouseCoopers (PWC) Regulatory Handbooks, 1994 – 2000
Regulatory Guide for Foreign Banks in the U.S., 1993 edition (Price Waterhouse)
A Guide to the FDIC Improvement Act, 1992 (Price Waterhouse)
Banking Law Reporter, monthly column, 1983 – 1986
State banking association magazines, articles on risk-based capital and other regulatory subjects
Testimony and speeches for members of Congress and the Comptroller of the Currency
Director and Treasurer, Friends of the St. Clements and Piney Point Museums, 2002 – present.
Christ Church, Chaptico, MD, auditor 2008 – 2010; Finance Committee, 2008 – present; Vestry, 2014 – 2017, 2021 - Present
Adjunct Professor, American University Washington Semester Program, Washington, D.C., 2004 – 2005
Member of the National Panel of Arbitrators of the American Arbitration Association, 1986 - 1995
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