Morrison & Foerster is pleased to announce that Domnick Bozzetti, a highly experienced executive compensation and employee benefits partner, has joined the Tax Department in the firm’s New York office. Mr. Bozzetti’s capabilities expand the firm’s ability to advise clients on the federal tax aspects of executive compensation and employee benefits issues in mergers and acquisitions. Mr. Bozzetti also has extensive experience counseling public companies on other executive compensation issues, including disclosure issues in annual proxy statements and other filings.
“We are delighted that Dom is joining us,” said Thomas Humphreys, co-chair of Morrison & Foerster’s Tax Department. “He brings a complete portfolio of skills and experience to our group. He has been at the center of numerous multi-billion-dollar mergers and acquisitions in a wide range of industries, handling cutting-edge compensation structures. His insight into the federal tax aspects of compensation and benefits issues will be very valuable to clients as part of the firm’s M&A practice, where expertise in executive pay, stock options, incentive payments, severance, change-in-control guarantees, and other compensation and benefits issues plays an important role.”
“The continued growth of our public companies practice is a key strategic goal of the firm,” added David Lynn, a Washington, D.C. partner who co-chairs the firm’s Public Companies practice. “Dom’s long experience counseling public companies will help drive that growth.”
“I am excited to join Morrison & Foerster, which has an impressive federal tax platform and reputation in mergers and acquisitions,” Mr. Bozzetti said. “Deft handling of issues concerning executive compensation and employee benefits is increasingly critical to the success of M&A and other corporate transaction. I’m looking forward to making a contribution to the continued growth of the firm’s M&A and transactional practices.”
Mr. Bozzetti regularly advises public companies on executive compensation matters, including disclosures for annual and merger-related proxy statements, as well as in connection with securities transactions. He has experience designing, negotiating and implementing compensation plans and arrangements for senior executives, including equity-based arrangements, severance agreements, change-in-control, and employment agreements. He counsels corporate boards as well as executive leadership. In addition to M&A deals, he frequently handles the executive compensation and employee benefits aspects of public offerings and IPOs, divestitures, and other transactions.
Mr. Bozzetti’s noteworthy representations include the following.
Energy East Corp. in its $8.1 billion merger with Iberdola S.A.
Lincoln National in its $7.4 billion merger with Jefferson-Pilot
Aviva plc in its acquisition of AmerUs Group
Dell in its acquisitions of Force10 Networks, Appassure Software and Sonic Wall
Fidelity National Financial in various major acquisitions, divestitures and spin-offs
Genworth Financial in the sale of its Medicare supplement business to Aetna
Remy International and Safety Insurance Group in their respective initial public offerings
Zenith National in its sale to Fairfax Financial
Mr. Bozzetti, previously a partner in the Compensation, Benefits and Employment Department at Dewey & LeBoeuf, received his J.D. from the University of Florida Levin College of Law and his B.A. from the University of Hawaii. He is admitted to practice in New York and Florida.
Hogan Lovells has hired Michael Conlon QC as its new Head of Indirect Tax in London. Michael will join Hogan Lovells International LLP in July 2012. He replaces former Head of Indirect Tax Greg Sinfield, who retired in January 2012 to take up an appointment as a Judge of the Upper Tribunal (Tax and Chancery).
Michael will join Hogan Lovells from Temple Tax Chambers where he is a practicing barrister, having many years of specialist experience in all aspects of indirect taxation, in particular value added tax (VAT) and also community customs duty, excise duties, insurance premium tax (IPT) and investigations. Michael has conducted high profile litigation before the Tribunals, the higher courts and the European Court of Justice. His experience in these areas will prove invaluable to both Hogan Lovells’ VAT and tax litigation practices.
Commenting on Michael’s hire, joint Global Head of Tax, Fulvia Astolfi, said:
“Michael’s huge and unique experience in the indirect tax field and his skill in conducting tax litigation speaks for itself. His appointment is testament to our long-standing commitment to indirect tax and litigation and we are very excited to have him join us.”
Michael Conlon said:
“Hogan Lovells offers an extremely attractive platform to further develop a high profile and top performing tax practice, both in the UK and globally. I am very pleased to be joining the team here in London.”
Anne G. Batter has rejoined Baker & McKenzie as a partner in Washington, DC, adding 25 years of experience in the taxation of executive compensation and benefits to the Firm’s highly regarded Tax Practice.
Ms. Batter has extensive experience in planning executive compensation and fringe benefits arrangements, assisting clients in executing their plans, and successfully defending her clients’ positions both before the Internal Revenue Service (IRS) and in court. She also handles excise tax matters, particularly those involving the air transportation excise tax. Earlier in her career, she was an attorney in the Income Tax & Accounting Division of the IRS’s Office of Chief Counsel and an Attorney-Advisor with the US Tax Court. From 2000-2008, she was an attorney at Baker & McKenzie. Most recently, she was the vice chair of Miller & Chevalier’s employee benefits practice.
“Anne’s unique combination of tax and compensation and benefits experience will be a great asset to clients,” said Elizabeth Espin Stern, Managing Partner of the Firm’s Washington, DC office. “We are delighted that she has rejoined Baker & McKenzie to enrich our premier tax and compensation, labor and employment capabilities.”
Recognized by Legal 500 as a leading lawyer in the United States for complex executive compensation matters, Ms. Batter’s practice focuses on the federal and state taxation of compensation and benefits with an emphasis on the deductibility of, reporting and withholding on, and excise taxation of all forms of compensation other than qualified retirement plans. She regularly handles matters addressing areas such as: deferred compensation, equity compensation, workforce wide bonuses, section 162(m) qualified performance-based compensation, corporate aircraft and black cars, spousal travel, entertainment facilities, employment and severance arrangements, settlement payments, health and welfare benefits, employee loans, education assistance, employee discounts, employee hardship and charitable giving programs, gifts and prizes, and working condition and de minimis fringe benefits. She assists clients in designing such programs, as well as defending their treatment before the IRS and the Courts.
In the controversy context, Ms. Batter has significant experience with the unique procedural rules applicable to withholding taxes. Ms. Batter also counsels clients on special deduction, excise tax, and FICA issues that arise with such plans in the corporate acquisition and disposition context. In addition, she works with clients on excise tax issues, particularly those involving the air transportation excise tax.
“Anne is an exceptional addition to the practice,” said Len Terr, Chair of the North American Tax Practice Group. “Anne is a star among the handful of attorneys in the country who have deep knowledge and experience with the information reporting of compensation, income and social security taxes, as well as tax deduction and excise tax issues. I know clients will value her insight.”
“Baker & McKenzie’s market-leading global platform is a great fit for my practice, and I’m excited to offer clients the Firm’s impressive corporate, securities, employment, immigration, and qualified retirement plan capabilities as well,” said Ms. Batter.
Ms. Batter is the latest in a series of prominent hires for the Tax and Executive Compensation and Employee Benefits Practices. Partner Josh Odintz, a former Senior Advisor for Tax Reform to the Assistant Secretary at the US Department of the Treasury, recently joined the Firm’s Washington, DC office. Mary Bennett, the former head of the Tax Treaty, Transfer Pricing & Financial Transactions Division of the Organisation for Economic Cooperation and Development’s Centre for Tax Policy & Administration (CTPA), recently returned to the Firm’s DC office, and Caroline Silberztein, head of the CTPA’s Transfer Pricing Unit, also recently joined the Paris office. The practice also recently welcomed Partner Patricia Rexford to the Firm’s Chicago office, Partner Juliana Cangussu Dantas to the Amsterdam office, and Partners John Owen and Jacques Bernier to the Toronto office. In addition, the San Francisco office welcomed well-recognized ERISA litigator James Baker in February, and the DC office added IP litigator Robert Parker to the Firm on May 1.
Ms. Batter received her JD from Harvard Law School in 1985, and received her BA in Political Science from the University of Maryland in 1982, summa cum laude. She is licensed to practice law in Washington, DC, and is a member of the American Bar Association’s Section of Taxation and DC Bar’s Taxation Section.
The International Bureau of Fiscal Documentation (IBFD) has announced the appointment of Prof. Dr Stef van Weeghel as the new Chairman of its Board of Trustees.
Prof. Van Weeghel succeeds Prof. Dr. Guglielmo Maisto, who retired on 12 May 2012.
On Prof. Van Weeghel’s appointment, Sam van der Feltz, CEO of IBFD comments: “We are very happy that Prof. Van Weeghel’s will take up this function. With his double competence in international taxation from an academic and a business angle, he perfectly suits the dual nature of our organization.”
About Prof. Dr Stef van Weeghel
Over the past 25 years, Prof. Van Weeghel has acquired extensive experience in international tax law. He has been a Member of IBFD’s Board of Trustees since 2008.
Holder of a law degree of Leiden University, a LLM in Taxation from New York University and a PhD in Law from the University of Amsterdam, Prof. Dr Stef van Weeghel is Partner, Chair AEX-Midkap Group PwC, Amsterdam; international tax law professor at the University of Amsterdam and a member of the Amsterdam Centre for Tax Law (ACTL). He also chairs the Dutch branch of IFA (International Fiscal Association) and is a member of IFA’s Permanent Scientific Committee.
A non-for-profit foundation since 1938, IBFD is a leading provider of cross-border tax expertise headquarted in Amsterdam with offices in Beijing, Washington and Kuala Lumpur. IBFD serves Fortune 500 companies, governments, international consultancy firms and tax advisors. Renowned as the authoritative centre for cross- border tax expertise, IBFD utilizes its global network of Tax Experts and Knowledge Centre to remain at the forefront of global tax information.
Click on the link to view open IBFD tax editor jobs
International law firm Freshfields Bruckhaus Deringer has appointed Madrid tax partner Silvia Paternain as head of the firm’s global tax practice. Silvia succeeds Colin Hargreaves who will return to focusing on client work full time. The appointment is for a four year term and takes effect immediately.
Silvia specialises in complex corporate cross-border transactions and in the tax structuring of structured finance and tax leveraged products, including stock lending and derivatives. She continues to be actively involved in the restructuring of the Spanish financial sector, having advised on the acquisition of CCM (Caja Castilla La Mancha), the first Spanish bank to go into public administration, in a deal that set the path, followed across the sector, for subsequent restructurings.
Commenting on the appointment, Will Lawes, senior partner at Freshfields said: ‘Silvia is an excellent candidate for this role. She has a fantastic track record of having advised on some of the market’s most complex international deals involving Spain and has a strong reputation across our network. She’s ideally placed to further the outstanding work done by Colin in the role and help to continue and enhance the high levels of performance that our tax practice is highly regarded for.’
Commenting on her new role, Silvia added: ‘I am delighted and excited to have the privilege to lead the firm’s international tax group. Our international clients are increasingly facing complex regulatory changes by tax authorities the world over so our objective is to continue and enhance our offering of market leading tax services that can support them in navigating through these challenges’.
Silvia joined the firm in 1998 and was elected to the partnership in 2004. She specialises in corporate cross-border transactions and in the tax structuring of structured finance and tax leveraged products, including stock lending and derivatives.
Silvia works with all the major investment banks. Her corporate-finance background enables her to advise in the most sophisticated finance and corporate structures.
J.P. Morgan has announced David Kane as head of its Trust and Fiduciary and Compliance Reporting business, which is part of the firm’s Worldwide Securities Services division (WSS). Kane replaces Tim Gandy, who is retiring after a 47 year career and 23 years at J.P. Morgan.
Kane has extensive experience in securities services and at J.P. Morgan. Since joining J.P. Morgan in 1987, he has held a variety of roles across the firm, leading teams in finance, operations, technology and bringing new client business into the firm. He is based in J.P. Morgan’s Bournemouth office, and his most recent role was head of Global Custody Operations, a position he assumed in 2006.
In this position, Kane led the development of WSS’ global operating model across Dallas, Bournemouth, Mumbai and Bangalore, working with his colleagues during which time assets under custody grew to $16.9 trillion.
Nick Rudenstine, head of the Investor Services business within WSS, said, “David’s deep understanding of our business, clients and role as a Trustee make him the ideal successor to Tim. Tim is a renowned industry expert, and his leadership, expertise and guidance will be greatly missed.”
Since 1991, Gandy has headed J.P. Morgan’s Trust and Fiduciary and Compliance Reporting business, which is the largest in Europe with 12 European locations, and acts for more than 2,000 funds worth $1.3 trillion.
Top 20 accountancy firm Saffery Champness has today announced the appointment of James Hender as partner in the London office.
James joins the firm’s well-known Private Wealth & Estates Group firm from Smith & Williamson, where he spent nine years advising high net worth clients on a wide range of issues. James specialises in the financial services sector and has a range of clients that includes senior bankers, hedge fund managers and private equity specialists. Working closely with a number of non-domiciled clients, James has much experience of international tax planning.
With his vast experience and industry profile, James will be an experienced and authoritative addition to an already very well-established team. This appointment goes to reaffirm Saffery Champness’ drive to maintain and build upon its market-leading position in the private client space and comes off the back of a number of partner promotions in the last month.
On his arrival, James Hender commented:
“I’m delighted to be joining one of the country’s most highly regarded private client teams. When it comes to advisory services for individuals and their enterprises, Saffery Champness really is the best in the business and I look forward to continuing to build upon my practice alongside them in the London office.”
Managing Partner Jonathan Fox added:
“James’ appointment is excellent news for us. He has the talent and personality to make an important contribution to our team, and we believe that his arrival is testament to our success and prestige in this area. James’ move to the firm still further demonstrates our commitment to bringing in the best and the brightest talent – it is the only way to stay ahead of the game.”
Baker Tilly Virchow Krause, LLP (Baker Tilly) has announced the addition of Wendy Landrum, to our Milwaukee office. Wendy joins Baker Tilly as a Strategic Tax Services Partner. She previously worked as a Tax Managing Director at one of the “Big Four” accounting firms.
Wendy holds a Bachelor Degree in Accounting from Marquette University and a Master Degree in Taxation from the School of Business Administration at University of Wisconsin-Milwaukee and has more than 12 years of tax experience. She joins Baker Tilly’s Tax Services team whose goal is to help clients minimize taxes in an efficient, tax-smart way, identify alternatives, understand the tax implications of various choices, and structure transactions in a way that achieves their objectives.
With staff totaling more than 1,400, Baker Tilly provides a wide range of accounting, tax, assurance, and consulting services. Ranked as one of the top 20 largest firms in the country*, Baker Tilly serves clients from offices in Chicago, Detroit, Minneapolis, New York, Washington D.C., and throughout Wisconsin.
The company is the exclusive Baker Tilly-branded firm in the US, which reflects its commitment to meet the ever-changing global needs of its clients.
Baker Tilly International is a worldwide network of 149 high quality, independent accounting and business advisory firms in 125 countries, with more than 25,000 professionals. The combined worldwide revenue of independent member firms exceeds $3 billio