Answer:
Over the last 30 years I have been very fortunate in being able to deal with many attorneys who are compliance officers. I haven't known many who have moved on to general counsel maybe because the compliance job wore them out! The attorney who can serve a financial institution as an expert in both Compliance and the Uniform Commercial Code is a rare bird, indeed. That lawyer, along with the lawyer in the very large banks that specialize in antimoney laundering is sure to go far up the administrative ladder. Financial institutions are in need of lawyers who are conversant in Compliance and the UCC.
First published on BankersOnline.com 05/5/03
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