Our PrincipalsHome PageJames V. ElliottPaul Allan Schott
Paul  G. Nelson

pgnelson@wbcfinancial.com

Professional Experience:

 

Mr. Nelson is a principal of WBC Financial Group.  Prior to joining WBC, Mr. Nelson served as Senior Vice President of IBJ Whitehall Financial Group (part of the Mizuho Group) with responsibility for regulatory compliance, bank secrecy, government affairs, community reinvestment and ethics. 

 

Previously he was a senior member of the PricewaterhouseCoopers Regulatory Advisory Services practice.  At PwC he specialized in advice to financial institutions on compliance matters, especially those involving private banking, investment management and fiduciary activities.  He created and advised on compliance programs for many of the U.S. branches and agencies of major foreign banks.  The compliance programs included new compliance manuals and management action plans.  He advised managements of many of the country's leading brokerages of the requirements that would apply to their newly licensed federal trust companies.  As a part of the engagements he developed management action plans and internal control programs. 

 

He has also served as a General Counsel of the House of Representatives Committee on Banking Finance and Urban Affairs, and with the Comptroller of the Currency as senior attorney and acting Regional Counsel.  With the Banking Committee he was instrumental in developing legislation that became the Garn - St Germain Act.  With the Comptroller of the Currency he developed policy positions on trust, lending and financing issues.

 

In the private practice of law he represented financial services companies, specializing in legislative services and representation of nonbank financial institutions.  He was a partner in Nelson & Yudin, a partner in Hamilton and Hamilton and of counsel to Cameron & Hornbostel.

 

Publications:

 

A Guide to the FDIC Improvement Act (Price Waterhouse) 

A Regulatory Guide for Foreign Banks in the United States (Price Waterhouse)

Regulatory Risk Management Handbook (PricewaterhouseCoopers)

[editor] PricewaterhouseCoopers Regulatory Handbook Series

 

Education:

 

A.B. -- Colgate University

J.D. -- George Washington University

L.L.M. (taxation) -- George Washington University

Certificate – Pacific Coast Banking School

 

Contact:

 

Direct lines: (202) 362-5974 (Voice) or (202) 362-0519 (Fax)

 


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