[private]Sean Coughlan joined EFG Offshore at the beginning of January as Managing Director, EFG Trust Company Limited.
Sean was previously Managing Director and Head of Private Trust for the offshore fiduciary division of a major international bank. Sean has worked in the offshore trust industry for over 20 years, is a qualified Chartered Certified Accountantand a member of STEP.
Daniel Hawson has been appointed as a Private Client Director within EFG Trust
Company Limited. Daniel has over 10 years’ experience in the trust industry working
for both the independent and institutional trustee sectors with a particular focus on
advising high net worth families from the BENELUX countries and Eastern Europe.
He has an economics degree from Kingston University and is also a qualified
Chartered Certified Accountant.[/private]
The EFG Offshore group includes: EFG Trust Company Limited, EFG Trust Company (HK) Limited, EFG Fund Administration Limited, EFG Secretaries Limited, EFG Nominees Limited, and EFG Corporate Services Limited.
[private]Andrew Short has been promoted to tax partner at the Sheffield based Firm, Shorts Chartered Accountants.
Andrew is a Chartered Tax Adviser who brings over 20 years’ experience to the role. He has worked extensively in the corporate owner managed business sector advising on all areas of tax planning including share incentive schemes, VAT and corporate restructuring.[/private]
[private]Scottish Re Group Limited has announced today the appointment of Dan Roth to Chief Financial Officer, effective immediately.
In his previous role as Chief Restructuring Officer, Dan led the Scottish Re transition program focused on operational effectiveness and has been a member of the Scottish Re Executive Committee. Prior to joining Scottish Re in May 2007, Dan worked with Cerberus Capital Management L.P. on its operations team focused on financial and operational due diligence in the insurance, financial services, media, and information technology industries. His previous experience includes 10 years with the General Electric Company. Dan served as the Manager of Finance for GE Money’s personal loan business in Japan and also led GE Money’s global capital allocation program in Stamford, CT. Prior to that, Dan spent four years in GE’s Corporate Audit Staff, concluding as a Senior Audit Manager leading teams responsible for financial and operational reviews of GE’s businesses in North America and Asia.
Dan received a BS in Management Information Systems from the University of Dayton’sSchool of Business Administration.
As Scottish Re’s Chief Financial Officer, Dan will lead Scottish Re’s global finance function and will be responsible for its financial operations, including accounting and reporting, financial planning and analysis, treasury, taxation, and audit.
About Scottish Re
Scottish Re Group Limited is a global life reinsurance specialist. Scottish Re has operating businesses in Bermuda, Ireland and the United States. Its flagship operating subsidiaries include Scottish Annuity & Life Insurance Company (Cayman) Ltd. and Scottish Re (U.S.), Inc. Additional information about Scottish Re Group Limited can be obtained from its Web site, www.scottishre.com.[/private]
[private]Alberto Nathansohn will join the Benetton Group as Chief Financial Officer with effect from May 1st. Nathansohn, 51, has matured extensive experience with Bulgari and Eurofly Service SpA, as well as with the Pirelli Group, where he held positions of responsibility both in Italy and abroad.[/private]
Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, has announced that Steven W. Rabitz has joined Stroock’s Employee Benefits and Executive Compensation Group as Partner today. Before joining Stroock, Mr. Rabitz [private] led the ERISA, executive compensation and benefits legal function at Lehman Brothers as Senior Vice President and Senior ERISA & Benefits Counsel, and most recently, served at Barclays Capital in a similar substantive capacity. Prior to Lehman, Mr. Rabitz worked at Goldman Sachs from 2000 through 2006 first as Assistant General Counsel and then as Associate General Counsel. While in-house, Mr. Rabitz focused extensively on the ERISA considerations relating to his employers’ main businesses and product lines, from both the “sell side” and the “buy side,” including ERISA issues relating to brokerage, prime brokerage, futures, swaps and other derivatives, structured products and asset backed and mortgage backed securities. He also focused on the ERISA considerations relating to asset management products and services including separately managed accounts, the formation and ongoing operation of private investment funds, collective funds, and “wrap” and other similar products and services. Mr. Rabitz also advised on ERISA issues related to in-house compensation arrangements.
Mr. Rabitz was an associate at Cleary, Gottlieb, Steen & Hamilton from 1995 to 2000 focusing on ERISA and executive compensation issues. In addition to an emphasis on financial products and advice relating to the design, implementation and ongoing operation of executive and other incentive based compensation, he spent a significant amount of time on transactional work.
Mr. Rabitz is a frequent presenter and author, including for the Practising Law Institute’s ongoing “Pension Plan Investments” conference series. He has also written articles on ERISA and compensatory issues and developments for a number of academic and business publications.
“We are delighted to welcome Steve as a talented attorney who fits our firm and our practice group perfectly. In this economy, the importance of ERISA and employee benefits issues has never been more prominent,” noted Mark Wintner, who leads Stroock’s Employee Benefits and Executive Compensation Group.
[/private]Stroock’s Employee Benefits and Executive Compensation Group has extensive experience in all planning, drafting, compliance and transactional aspects of ERISA, employee benefits and executive compensation. The Group’s expertise encompasses ERISA, tax, securities law, bankruptcy law, stock exchange and corporate governance requirements as they affect benefits plans and compensation arrangements.
Stroock & Stroock & Lavan LLP is a law firm providing transactional and litigation guidance to leading multinational corporations, investment banks and venture capital firms in the U.S. and abroad. Stroock’s emphasis on client service and innovation has made it one of the nation’s leading law firms for 130 years. Stroock’s practice areas include capital markets/securities, commercial finance, mergers and acquisitions and joint ventures, venture capital, private funds, derivatives and commodities, employment law and benefits, energy and project finance, entertainment, environmental law, financial restructuring, financial services litigation, insurance, intellectual property, investment management, litigation, personal client services, real estate, structured finance and tax. For more information, please visit Stroock’s website at www.stroock.com.
[private] At its meeting yesterday, the Supervisory Board of Dresdner Bank AG appointed Eric Strutz, Chief Financial Officer (CFO) and member of the Board of Managing Directors of Commerzbank, to the Board of Managing Directors of Dresdner Bank, where he will exercise the CFO function, too.
Strutz succeeds Klaus Rosenfeld, who left the Board of Managing Directors of Dresdner Bank as agreed on 17 March 2009. On being appointed to the Board of Managing Directors, Strutz resigned as a member of the Supervisory Board of Dresdner Bank. He will be succeeded in this capacity by Jochen Klösges.
“Klaus Rosenfeld made a decisive contribution to the merger of Dresdner Bank and Commerzbank. The Boards of Managing Directors and Supervisory Boards of both banks would like to thank him for his exceptional dedication in this critical period of the integration process”, said Martin Blessing, Chairman of the Boards of Managing Directors of Commerzbank and Dresdner Bank.
Klaus Rosenfeld, 42, began his career with Dresdner Bank in 1985. In 2002, he was appointed to the Board of Managing Directors, where he was responsible for the areas of Finance/Controlling, Compliance and Corporate Investments. Eric Strutz, 44, has been Chief Financial Officer of Commerzbank since 2003.
At its meeting today, the Supervisory Board of Dresdner Bank adopted the annual financial statements of Dresdner Bank AG and approved the consolidated financial statements of the Group. At the same time, the Supervisory Board and the General Meeting that followed it resolved to increase Dresdner Bank’s equity by €4 billion. This ensures that Dresdner Bank has adequate levels of regulatory capital at its disposal.[/private]
[private]The Lord Chancellor, the Right Honourable Jack Straw MP, has appointed The Honourable Mr Justice Warren to be a President of the Upper Tribunal (to preside over the Finance and Tax Chamber) with effect from 1 April 2009. The Honourable Mr Justice (Sir Nicholas Roger) Warren is 59, was called to the Bar (M) in 1972 and took Silk in 1993. He was appointed as an Assistant Recorder in 1995, as a Deputy High Court Judge in January 1999, as a Recorder in May 1999 and as a High Court Judge of the Chancery Division in 2005.[/private]
[private]PricewaterhouseCoopers has appointed tax partner Mark Schofield to lead its global sustainability and climate change tax network as part of the firm’s global tax strategy of bringing together all relevant tax and human resource services to help clients respond to the broader sustainability agenda.
Richard Collier-Keywood, global head of tax, PricewaterhouseCoopers, said:
“The global financial crisis has created extreme short term pressures on businesses, but our experiences show that companies remain focused on sustainability even in a downturn.
“Tax has an integral role to play as businesses and governments collectively look to address the challenges presented by climate change. Mark’s appointment and the continued growth of our global sustainability and climate change tax network is part of the firm’s investment programme to ensure our sustainability expertise underpins all relevant services within the firm.”
Mark has been a tax partner with PricewaterhouseCoopers LLP in London since 2000 and has a proven track record of dealing with complex international tax issues. With its global reach, the network helps clients cut through the complexity of different environmental policies and economic instruments around the world, advising companies and their investors on how to improve business performance, implement long term sustainable tax strategies and understand and communicate the total tax contribution they make to society. The human resource services team within the network also provides guidance on how to align recruitment, retention and reward to sustainability strategies.
Mark Schofield, global sustainability and climate change tax network leader, PricewaterhouseCoopers, said:
“I am delighted to take on this key role, particularly at a time when tax is at the forefront of the climate change policy agenda as both a carrot and a stick mechanism for achieving behavioural change.
“However, there is a fine balance to be struck between ensuring any new tax policies for climate change provide the certainty and stability that business needs in the long term but do not stifle economic growth. We are working closely with industry leaders and policymakers to inform the debate on the role that tax can play in helping address sustainability and climate change issues.”
Findings from the PricewaterhouseCoopers 12th Annual Global CEO Survey show that 83% of over one thousand CEOs consider it important or critical for governments to provide a clear and consistent policy framework on climate change. Only 28% of CEOs feel that their governments have clear and consistent long term environmental policies. However, while there is a definite thirst for governments to lead on the issue, over half (55%) of CEOs globally are concerned that over regulation will be a barrier to business growth.[/private]
