Board of Directors

Paul Allan Schott serves as Chairman of NewTower’s Compliance Committee and NewTower's Trust Audit Committee. He is an attorney in private practice in Washington, D.C., and provides anti-money laundering consulting services to the World Bank. He has a national reputation in the financial services industry, having held a series of increasingly responsible positions in the federal government, from Senior Attorney at the Board of Governors of the Federal Reserve System, to Assistant General Counsel for Banking and Finance at the U.S. Treasury Department, to Chief Counsel of the Office of the Comptroller of the Currency. Mr. Schott was a consulting partner in the bank regulatory advisory practice at PricewaterhouseCoopers and its predecessor, Coopers & Lybrand, where he served as National Director for Bank Regulatory Services. In addition, he has authored books on anti-money laundering and the federal regulation of bank holding companies and published numerous articles. Mr. Schott received his B.A. from Kent State University, his J.D. from Boston University School of Law and his LLM from Georgetown University Law Center.

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