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WASHINGTON, DC (June 29, 2016) – The American Association of Bank Directors (AABD) announced today that it has named Paul Allan Schott to its Board of Advisors.

Mr. Schott has had a long and distinguished career as a bank regulator, bank consultant and bank director.  He currently serves as a director of and chair of the Audit and Compliance Committees of NewTower Trust Company, Bethesda, Maryland and M.Y. Safra Bank, FSB, NY, NY, and the Board of Advisors for the Boston University Center for Finance, Law and Policy.  He also is Senior Advisor to Patomark Global Partners, and a frequent expert witness in federal banking cases.

Mr. Schott previously served as Chief Counsel of the Office of the Comptroller of the Currency, Assistant General Counsel for Banking and Finance at the U.S. Treasury Department and Senior Attorney at the Federal Reserve Board.  In addition, he was consulting partner at PricewaterhouseCoopers, where he served as National Director for Bank Regulatory Services, a consultant to the World Bank and partner at the law firms of Barnett, Sivon, Schott and Shay and Brown & Wood, both positions specializing in banking and financial services law.

He is the author of several books, including:  Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism; Federal Banking Law: Bank Holding Companies; and co-authored Preventing Money Laundering and Terrorist Financing, A practical Guide for Bank Supervisors, The Ultimate Guide for Bank Directors.

“Allan brings to AABD a wealth of practical experience and expertise as a bank regulator, consultant and bank director,” David Baris, President of AABD, said.  AABD Executive Director, Rich Whiting added; “He has a deep understanding of bank regulatory expectations and the practical aspects of serving as a bank director, and will provide AABD members with invaluable insight into the increasing supervisory and management challenges they face.”

Founded in 1989, the non-profit American Association of Bank Directors is the only trade group in the United States solely devoted to bank directors and their information, education, and advocacy needs.  The Institute for Bank Director Education was established in 1993 as the educational arm of AABD.  Its purpose is to act as a clearinghouse for education programs designed for bank and savings institution directors that support the nationally recognized Director Certification Program.

Media Contact: 
Betty Pelton
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