Alvarez & Marsal Taxand has recruited Managing Director Darren Mills back into the firm. He joins from Dixon Hughes Goodman where he has been a tax partner for the past 20 months.
Based in New York, Mr. Mills first joined Alvarez & Marsal’s start-up tax advisory practice nearly a decade ago to help build a more responsive, entrepreneurial and world-class alternative to audit-based accounting firms subject to related conflicts of interest.
A&M’s U.S. tax practice was formed in 2004 to work with companies and investors, and help address complex domestic and international tax matters without audit-based conflicts of interest. To best service multi-national businesses, A&M also became a founding member of Taxand, the first international organization of leading independent tax firms that today has a presence in nearly 50 countries around the world.
With more than 20 years of experience working with multi-national corporations on federal and international tax issues, including cross border M&A and foreign tax credits, Mr. Mills has significant expertise structuring foreign investments and managing issues surrounding consolidated return regulations. In previous roles, he has worked across a variety of sectors including chemical, pharmaceutical, manufacturing, distribution and technology, and brings a deep understanding of Accounting for Income Taxes (ASC 740) technical issues.
Mr. Mills has in-depth knowledge of tax analytics, Subpart F, policy issues surrounding tax inversions and foreign tax credits. He helps clients address complex tax questions and advises on best practices for using tax data to add value.
“We’re finding that an increasing number of companies are behind in putting their tax processes in place and making this function more value-driven,” said Albert Liguori, a Managing Director with Alvarez & Marsal Taxand in New York. “Darren’s return to A&M and his experience in tax analytics demonstrates our emphasis on helping our clients capture and analyze data that allows them to make more informed decisions about their practices.”
Mr. Mills is a widely published industry thought leader and has also served as an Adjunct Professor in graduate taxation courses at the University of Baltimore and at Seton Hall University in South Orange, New Jersey. He is a Certified Public Account (CPA) in the Commonwealth of Virginia, the States of Florida and New Jersey and a licensed attorney in the State of New Jersey (inactive in the Commonwealth of Pennsylvania).
Grant Thornton has hired Layne Albert as a partner in the firm’s Tax practice, based in New York.
Layne has more than 25 years of experience in the financial services industry. He specializes in identifying, understanding and managing federal and state tax issues related to complex business transactions, including mergers, acquisitions, dispositions, financings, recapitalizations, securitizations, reorganizations and bankruptcies. He has extensive experience advising boards of directors and working closely with chief executive officers, chief financial officers, asset managers, banks, private equity investors, hedge funds, Internal Revenue Service staff and investment bankers.
“Layne brings to Grant Thornton extensive knowledge and experience delivering federal and state tax service offerings within the financial services industry,” said Frank Kurre, Grant Thornton’s Metro New York and New England managing partner. “He will be integral in continuing to expand our financial services tax capabilities throughout Metro New York and New England.”
Most recently, Albert was a managing director at Alvarez & Marsal Taxand LLC. There, he advised clients on the federal income tax ramifications of complex business transactions and tax department design and operations, including the creation and management of tax departments through adversity, assistance with Accounting Standards Codification (ASC) 740 accounting matters, including restatements and remediation, and Sarbanes-Oxley compliance. He was also responsible for developing their federal Tax practice in New York, which concentrated in the financial services, energy, manufacturing, engineering, procurement and construction industries. Previously, he was the vice president of Tax at Dynegy Inc. and Encompass Services Corporation.
Albert is a certified public accountant in Texas and a member of the Texas Bar Association. He received a juris doctor degree from South Texas College of Law, a master’s of laws degree in taxation from the University of Houston and a bachelor’s degree in business administration with a concentration in accounting from the University of Texas.
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Appleby has announced the management buyout of its fiduciary business (AFB) for an undisclosed sum The deal is funded by private equity firm Bridgepoint.
Partner and Global Group Head of Fiduciary, Farah Ballands, who will become Chief Executive of the independent fiduciary business, said:
“The management team is delighted that we will be partnering with Bridgepoint. With Bridgepoint’s support and expertise in growing businesses successfully, we will be able to develop a greater range of products and services for our clients. The Appleby Group has provided us with a solid foundation and enabled us to grow to the size, reach and scale that we enjoy today, but now is the right time to accelerate our growth plans.”
Appleby’s Group Managing Partner, Michael O’Connell, who will continue to lead the law firm post-completion commented:
“This is an exciting development for Appleby. The transaction will enable two strong businesses to grow and prosper independently, whilst remaining close where it suits the needs of clients.
Andreea McCann has joined EY as an Executive Director in International Tax Services, based in McLean, VA. McCann was previously with GE Capital Real Estate where she worked as the International Tax Reporting Leader since 2010.
She has also worked in Tax at Deloitte and Fidelity National Information Services.
Dan DeRocco has joined EY’s National Tax Department – Tax Performance Advisory from Deloitte, where he was a director focused on developing and deploying data orchestrators – or the ability for users to align, interact with, and leverage a single source of data across the entire tax and finance domains – for Fortune 15 to 400 companies. This data is then used by Tax to drive data models and analysis in support the overall Tax strategy. Prior to Deloitte, DeRocco worked as a global tax manager at Accenture for six years and also worked at Bell & Howell as the Manager of Tax research and planning and he started his career at Arthur Andersen. DeRocco is based in Boston.
Ross Christen has joined the National Tax Department as an Executive Director in Atlanta with EY’s Business Tax Services focused on Tax Performance Advisory. Most recently, he was a Partner at The Kratos Group. Prior to that Christen was at PwC where he served as Director of Information Management/Enterprise Decision Management. He has also worked for BearingPoint and Deloitte Consulting.
Art Johnson has joined EY as an Executive Director with the Indirect practice in Dallas. Johnson previously ran an independent consulting firm, helping clients open and run their own internal shared service organizations. Prior to his consulting experience, he was SVP of Leveraged Operations at Xerox HR Outsourcing and Solutions. His 20 plus years of experience include HR Operations and Service Center leadership roles at Xerox, SumTotal Systems, Convergys HR Management, and Mercer Human Resources and Fidelity Investments.
Kingston Smith has announced the promotion of Yvette Jacobs to partner, effective immediately.
Yvette Jacobs has been with Kingston Smith for almost five years. Her areas of specialty include personal and business tax structuring, helping clients manage tax liabilities and maximise the tax reliefs that are available to them. She is both a Chartered Tax adviser and a Trust and Estate Practitioner, and works with a large variety of clients spread across different sectors who wish to structure their family business in preparation for future generations.
Ms Jacobs joined Kingston Smith in 2011 from Grant Thornton. Prior to this she worked as a tax manager at MacIntyre Hudson.
Shane Koball has joined Baker & McKenzie Consulting LLC as a Director of Economics.
Mr. Koball, who is based in New York, brings extensive experience in advising multinational corporations on transfer pricing planning, compliance and dispute resolution, as well as supply chain planning and restructuring. He has advised clients in a variety of industries including industrial products, life sciences, automotive, retail and consumer products, and media and advertising.
“Transfer pricing is the top tax concern for many of our multinational clients, with substantial amounts at issue and rapidly evolving issues related to planning, implementation, compliance, defense, dispute resolution, and policy,” said Thomas Linguanti, Chair of Baker & McKenzie’s North America Tax Practice. “With his deep experience serving as a go-to transfer pricing advisor to major multinationals, Shane will be an excellent addition to our practice.”
A significant part of Mr. Koball’s practice involves advising clients on supply chain planning and restructuring, leading multi-service line projects through feasibility, design and implementation. He has implemented principal company structures in Europe and Asia, which involved the development of transactional and transfer pricing models, assessment of potential exit taxes in multiple jurisdictions, financial models to estimate potential benefits, and detailed design of business processes to achieve appropriate substance from transfer pricing, subpart F, and local country perspectives.
He also has experience with developing operating manuals and business process maps, advising on ERP system blueprints, operationalizing transfer pricing policies, and working with financial controllers and others on implementing and monitoring their transfer pricing models.
“Mr. Koball’s outstanding transfer pricing practice will serve many of our clients in New York and throughout North America looking to our Firm for counsel on this complex area of tax law,” said Jim Colihan, Managing Partner of Baker & McKenzie’s New York office. “He has a proven record of serving major global companies as their primary tax advisor.”
Mr. Koball is the latest in a series of prominent hires for the Tax Practice in North America. Experienced transfer pricing attorney Barbara Mantegani joined in Washington, DC, renowned M&A lawyer Jerred Blanchard joined in Houston advising clients on a variety of complex international tax planning matters, and Daniel Rosen joined the Firm’s New York office from the IRS, continuing his practice in the area of tax controversy and litigation, and most recently leading transfer pricing economist Brian Cromwell re-joined the Firm’s Palo Office.
“I am thrilled to join Baker & McKenzie’s highly-regarded tax practice and utilize the Firm’s unmatched global platform to better serve my clients on complex transfer pricing matters,” said Mr. Koball. “I’m proud to join the team.”
Mr. Koball joins Baker & McKenzie from EY, where he was a senior manager.
BDO has announced the promotion of nine new partners from across the UK. The promotions were effective as of yesterday.
There was one new tax partner made up:
Dan Brookes is now a tax partner in the Yorkshire practice. Dan qualified as a chartered accountant with Moore Stephens in 1998 before moving to EY, joining BDO in 2008.
Dan provides a full range of tax services to large corporate and international groups across advisory and compliance matters. He works widely with BDO International and has assisted clients with tax advisory queries in relation to their global expansion and day to day operational activities. He operates in a diverse range of sectors but has specialist expertise in food and manufacturing.
Ernst & Young has announced that Heather Maloy, currently the IRS Commissioner for the Large Business & International (LB&I) Division, will join the National Tax Department as Tax Controversy Leader.
“Tax controversy continues to grow in importance as US and foreign tax administrators focus on the activities of US companies,” said Michael Mundaca, co-leader of the National Tax Department of Ernst & Young LLP. “Heather’s background and experience, both at the IRS and in the private sector, will enable her to advise clients to ensure they are able to proactively anticipate and address both the procedural and technical aspects of tax issues.”
While serving as the LB&I Commissioner, Maloy was responsible for driving innovative resolution approaches to compliance matters, including reinvigorating the Industry Issue Resolution Program, making the IRS’s Compliance Assurance Program permanent and providing examiners with guidance on important technical topics.
In addition to her most recent role, Maloy has a deep and varied history of service at the IRS, having worked in the Office of Chief Counsel as the leader of the Income Tax & Accounting and the Passthroughs & Special Industries divisions. She also has significant private-sector experience, most recently at Skadden, Arps, Slate, Meagher & Flom, where she represented clients in both examinations and appeals on IRS tax controversy matters with regard to complex issues of corporate, partnership, S corporation, individual and international income taxation.
Maloy earned her BBA in Accounting from Emory University, her JD from Cornell University Law School, and her LLM in Taxation from the University of FloridaCollege Of Law – where she also served as a Visiting Assistant Professor.