Center for Banking & Finance Newsletter

Center for Banking & Finance Newsletter:
Tuesday, September 1, 2015

Message from the Director

Lissa Broome The Center enjoyed another successful year. You will find below a summary of some of the year's highlights as well as information about our upcoming events, including the celebration of the publication of Volume 20 of the North Carolina Banking Institute journal and the 20th annual NC Banking Institute continuing legal education program in the spring of 2016. Many thanks to the members of our Board of Advisors who are integral to fulfilling the Center’s mission, which is to play a leadership role in the continual evolution of the financial services industry by studying the legal and policy issues related to banking and finance, advancing the teaching of banking and finance, and sponsoring conferences for industry professionals.

2015-16 Highlights

Career Luncheon, August 17, 2015

As part of the Banking Journal's professional networking efforts, students were joined by four attorneys at our career luncheon held in conjunction with the Banking Journal's 2015-16 Orientation. Each of the attorneys participating practices in the Triangle and was a member of the Banking Journal staff. This year's lunch discussion was centered around career paths, resumes, interviewing, and employment opportunities. Many thanks to:

  • Cynthia Collins, Robinson Bradshaw & Hinson, P.A.
  • Drew Kifner, Kilpatrick Townsend & Stockton LLP
  • Jack Magee, Wyrick Robbins Yates & Ponton LLP
  • Monica Tew, Morgan Stanley Wealth Management

Career Trek, October 15, 2015, Raleigh, NC

Over the University’s fall break, the seventh career trek will occur, affording our students the opportunity to meet with attorneys and learn more about legal career options. Students will be hosted by Wyrick Robbins Yates & Ponton LLP in Raleigh. Thank you to Tony Gaeta and Todd Eveson for facilitating this visit. The following participants are confirmed:

  • Nathan Batts, North Carolina Bankers Association
  • Katie Bosken, North Carolina Commissioner of Banks
  • Mike DeFrank, Wyrick Robbins Yates & Ponton LLP
  • Barry Harris, First Citizens Bank
  • Davis Johnson, Wyrick Robbins Yates & Ponton LLP
  • Kyle Still, Attorney, Wyrick Robbins Yates & Ponton LLP
  • Dawn Thompson, North Carolina Bankers Association

The Dan K. Moore Program in Ethics, November 13, 2015, Chapel Hill, NC

This year's program will include 4 hours of continuing legal education credit, including credit in Ethics and Professional Responsibility. The program, which includes a networking lunch for panelists and participants, will cover the following topics:

  • Ethical issues related to cloud storage, cybersecurity, and data breaches
  • Ethical issues related to alternative and computerized legal service providers
  • A primer on ethical rules in the UK, EU, and other non-U.S. jurisdictions and implications for the international deal
  • Corporate family conflicts of interest

The panelists include:

  • Andy Knowles, GlaxoSmithKline
  • Brad Kohn, Cree, Inc.
  • Dana Remus, UNC School of Law
  • Jim Wagner, Apogee Legal
  • Lee Whitman, Wyrick Robbins Yates & Ponton LLP
  • Chris Zochowski, Winston & Strawn

Register now at http://www.law.unc.edu/cle/dankmoore/.

The Clearing House Annual Conference, November 16-18, 2015, New York, NY

The Clearing House Annual Conference is a forum for the industry’s leaders to examine the bank regulatory and payments landscape in the post-Dodd-Frank era. It features two days of keynote speakers and in-depth expert panels on pressing issues for commercial banks. Lissa Broome will help moderate a panel on Tuesday, November 17 on Developing Supervisory Priorities and Approaches Aimed to Promote Financial Stability and Compliance.

Register now at http://tchannualconference.com/ for the 2015 event.

The Consumer Law and Consumer Credit Symposium at the February 12-13, 2016, Festival of Legal Learning

The Festival of Legal Learning is the law school's premier CLE event with courses on a variety of issues. The Center assists in the organization of some segments of the festival related to the representation of consumers, with a focus on issues related to consumer credit law. Those who counsel consumers, those who counsel businesses that deal with consumers, and those who want to catch up on some of the rapidly evolving changes and regulations in the consumer market place will want to attend.

Participants may select from these courses specifically geared to consumer law or consumer credit or select from the broad array of other courses also available at the Festival of Legal Learning.

Twentieth Annual North Carolina Banking Institute

The North Carolina Banking Institute continuing legal education program and the North Carolina Banking Institute Journal celebrate their twentieth year in 2016. Please be sure to join us in Charlotte March 31- April 1, 2016, for this special occasion. The ABCs of Banking Law program will be held in Charlotte on March 30 at the offices of Moore & Van Allen PLLC.

Compliance Boot Camp

Tracy Calder, Managing Director, Chief Compliance Officer, J.P. Morgan Securities LLC, and Lissa Broome are leading a planning team of compliance professionals in planning the Center's first Compliance Boot Camp. The training program will be geared for those with less than five years of compliance experience in banks or broker/dealers, including those interested in learning more about a career in compliance. The first Boot Camp will be for three days and held in Charlotte during the week of August 15. The program will provide an introduction to the role of compliance, an overview of markets and the regulatory framework, discussion of various aspects of compliance programs, exploration of specific compliance topics, and conclude with a discussion of some topics related to ethics and professionalism. Please contact Lissa Broome for more information.

Save the Dates

The Dan K. Moore Program in Ethics
Chapel Hill, NC
November 13, 2015

Festival of Legal Learning: Consumer Law and Consumer Credit Symposium
Chapel Hill, NC
February 12-13, 2016

ABCs of Banking Law
Charlotte, NC
March 30, 2016

Banking Institute
Charlotte, NC
March 31-April 1, 2016

Broadening Corporate Diversity: Earning a Board Seat
Chapel Hill, NC
TBD, May/June 2016

NC Bank Directors’ College
Chapel Hill, NC
TBD

2014-15 Program Highlights

Dan K. Moore Program in Ethics

Dan K. Moore Program in Ethics: Emerging Issues in Privilege and Conflicts of Interest, was held on October 24, 2014.

Topics included:

  • Work Product and the Business Lawyer
  • Lawyer-Client Disputes and the Privilege for Communications within a Law Firm with the Firm's Own In-House Counsel
  • Attorney-Client Privilege and the Internal Investigation
  • Attorney-Client Privilege and Conflicts of Interest in Mergers & Acquisitions
  • Conflicts of Interest in a Complex World

The panelists were:

  • Alison Bost, Womble Carlyle Sandridge & Rice, LLP
  • Bernie Burk, UNC School of Law
  • Bill Pappas, Parker Poe Adams & Bernstein LLP
  • Tammy Stringer, BB&T
  • Jennifer Venable, Capitol Broadcasting Company

The Clearing House Annual Conference

On November 21, 2014, at The Clearing House Annual Conference in New York City, the Center participated in a panel on Bank Directors: Heightened Expectations and Blurred Lines in a Changing Regulatory Framework. Lissa Broome and Derek M. Bush, Partner, Cleary Gottlieb Steen & Hamilton LLP, served as moderators. The panelists were:

  • Michael S. Helfer, Managing Director, The Ice Glen Group LLC
  • Jewell D. Hoover, Principal, Hoover and Associates, LLC
  • Oliver Ireland, Partner, Morrison & Foerster LLP
  • Martin Pfinsgraff, Senior Deputy Comptroller for Large Bank Supervision, Office of the Comptroller of the Currency       

ABCs of Banking Law

The Center held its fourth "ABCs of Banking Law" program on Wednesday, March 25, 2015, in Charlotte at the offices of Bryan Cave. This program focused on the basics of banking law and attracted participants from banks and firms around the country. The faculty was composed of:

  • Lissa Broome, UNC School of Law
  • Scott Cammarn, Cadwalader, Wichersham, & Taft LLP
  • Carol Hitselberger, Mayer Brown
  • Gene Katz, Wells Fargo Bank
  • Karol Sparks, Barack Ferrazzano Kirschbaum & Nagelberg LLP
  • Clifford S. Stanford, Alston & Bird LLP

The Banking Institute

The 19th Annual Banking Institute was held on March 26-27, 2015, at The Ritz-Carlton, Charlotte, NC. The Institute featured special presentations by:

  • Andrew Hutcher, Managing Director and Counsel, Credit Suisse
  • Anthony O’Connor, Director and Counsel, Credit Suisse
  • Barry Zigas, Director of Housing Policy, Consumer Federation of America

There were panel discussions on evolving governance realities, too big to fail, a Dodd-Frank Act update, community banking, and commercial lending.  The fourth annual George and Susan Beischer address was given by John D. (Jerry) Hawke, Jr., Arnold & Porter LLP.

Mike Shumaker, Glenn Morrical, Todd Eveson, and B.T. Atkinson

Center for Banking and Finance Leadership Award

At the Thursday evening dinner, the Center for Banking and Finance Leadership Award was presented to Tony Gaeta of Wyrick Robbins. Tony has served on the Board of Advisors for the Banking Institute since its inception and has been a guiding force in ensuring the success of and financial support for the Center for Banking and Finance.

Todd Eveson, Lissa Broome, and Tony Gaeta

North Carolina Banking Institute Journal

Volume 19 of the North Carolina Banking Institute journal was published in March 2015.

Ten 3Ls served as editors of the journal and there were fourteen 2L staff members.

This year, ten students have been elected to editorial positions for 2014-15, and there are fifteen new staff members.

Learn more about the journal at http://www.law.unc.edu/journals/ncbank/.

Career Initiatives in 2014-15

The Center continued its efforts to assist journal students with learning more about the legal profession and building a professional network.

Journal Orientation Career Lunch. Law school alums described their career paths and met with students in small groups to provide resume and career advice.

  • Ben Brownlow, Credit Suisse
  • Beth Weddington Voltz, Weatherspoon & Voltz
  • Jessica Lewis, Rex Healthcare

Career Trek. On the first day of Fall Break fifteen students were hosted by Wells Fargo and Mayer Brown in Charlotte.

Wells Fargo participants included:

  • Patrick Allen
  • Marc Iverson
  • Gene Katz
  • Rose Petroff

A number of attorneys from Mayer Brown participated, including:

  • Carol Hitselberger
  • Perry Hicks
  • Michael Gaffney
  • Nia Rasool
  • Brian Kuhl
  • Glenn Kunkes
  • Clay Costner

We would also like to thank Pamela Hutson, U.S. Bank National Association and Katie Trotter, CommunityOne Bancorp for participating. The Center is especially grateful to Carol Hitselberger of Mayer Brown and Gene Katz of Wells Fargo for facilitating these visits.

North Carolina Banking Institute Journal Scholarship

Caroline Keen
Caroline Keen
Sponsorship funds provide scholarship support each year for two journal editors. The 2014-15 recipients were Dylan Castellino, Executive Editor of Volume 19, and Graham Miller, Editor-in-Chief of Volume 19. Our most recent recipients are Caroline E. Keen, Executive Editor of Volume 20, and Eric S. Anderson, Editor in Chief of Volume 20, Each will receive approximately $7,200. Eric Anderson
Eric Anderson

Study Abroad Scholarship

Ford Eubanks, a rising 2L, received the Center's First Study Abroad Scholarship, providing him a $5,000 scholarship to study banking and finance at the law school's exchange partner, the University of Augsburg in Augsburg, Germany. The Center hopes to offer at least one such scholarship on an annual basis and is also working to provide funding to help support an international externship.

Ford Eubanks

Director Diversity Initiative

On May 21, 2015, the tenth annual one-day training program for aspiring diverse directors was held at the Rizzo Center in Chapel Hill, “Broadening Corporate Board Diversity: Earning a Board Seat.” Lissa Broome moderated and the panelists (with their board affiliations) were:

  • Maryann Bruce (Turnberry Advisory Group and the boards of Atlanta Life Financial Group; MBIA, Inc.; and Herndon Capital Management)
  • Jim Fraser (Goodwin Executive Search)
  • Deborah Hylton (3C Institute and former board chair of Wells Enterprises Inc.)
  • Dolores Kunda (Latino Corporate Directors Association and the board of Finish Line, Inc.)
  • Merrill Mason (Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP and the boards of the Council for Entrepreneurial Development; the University of North Carolina at Chapel Hill Foundation Investment Fund, Inc.; A Ban Against Neglect, Inc.; and The Green Chair Project, Inc.)
  • Trudy Smith (Executive Service Corps of the Triangle)
  • George Walls (Lincoln Electric Holdings and formerly PNC Financial Services Group and Thomas Industries)

The panelists discussed topics such as skills needed for board members and how to develop them, realistic approaches to advancing board candidacy, diverse directors in non-diverse settings, networking, and evaluating companies and opportunities.

DDI Database

Potential diverse directors may register on the DDI's potential director database so that registrants’ names may be provided to nominating committees of corporate boards, government commissions, and non-profits when requested. Companies looking for diverse candidates should contact Lissa Broome to conduct a database search according to their desired criteria.

DDI Success

DDI success stories are featured on our website. The individuals profiled attended programs sponsored by the Director Diversity Initiative and were later appointed or elected to board seats of corporations, nonprofits, or government commissions.

Andrea Bierce One of the DDI's most recent successes was Andrea Bierce. In October 2014 she joined the board of directors of Cyient and in January 2015, she joined the board of UBS Bank USA.

Ms. Bierce attended the "Broadening Corporate Board Diversity" workshop sponsored by the UNC School of law Director Diversity Initiative in 2013.

Ms. Bierce is a Managing Director at Gupton Marrs International, a boutique consulting firm based in New York, focused on Governance, Risk, Compliance, and Integrated Reporting. Previously, she was a Senior Vice President and Director with Wachovia Bank and a partner at KPMG. She is a member of Women’s Corporate Directors, Charlotte Chapter; a member of Women Executives, Charlotte, North Carolina; and a board member of Freedom School Partners.


Thank You!

Thanks for your interest in the activities of the Center for Banking and Finance. We hope you will participate in some of our programs over the course of the year.

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