Michael Orlando has resigned from Dell to join CBRE as VP of Transfer Pricing.
Mr Orlando has worked in industry since 2002, when he left Arthur Andersen to join Nortel Networks as International Tax Manager. In 2004 he moved from tax to transfer pricing and was Global Director of TP for Nortel until 2011, when he joined Dell.
CBRE Group, Inc. (NYSE: CBG) provides globally integrated commercial real estate and investment services that transform real estate into real advantage.
A Fortune 500 and S&P 500 company headquartered in Los Angeles, the Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide.
Deloitte Australia has announced that its Deloitte Private practice will join forces with leading Melbourne firm, GMK Partners (GMK), the latest in a series of strategic transactions to expand the capacity of the Big Four professional services firm in the private clients market.
As part of a growth strategy, which continues apace under recently appointed CEO Cindy Hook, 12 GMK Directors and 75 staff have been invited to join the firm’s Melbourne Deloitte Private team.
GMK Partners, the largest boutique provider of chartered accounting services to the high-net-worth sector in Melbourne, is the firm of choice for many of Melbourne’s most eminent private and family businesses, investors and professionals, in particular from the medical and legal fields.
“We were particularly attracted to GMK’s strong business advisory skills as well as their tax, superannuation and audit capabilities,” said Sneza Pelusi Deloitte Private Managing Partner.
Sneza Pelusi believes technological innovations are changing the face of professional services and cannot be ignored.
“Cloud technologies give savvy business owners the ability to access their live and up-to-the-moment financial information from anywhere at any time and on any device,” she said.
“This ability to provide business owners with a real-time view of their financial performance has the potential to change the way they think about their business and, in particular, the timeliness with which they can make decisions to optimize performance.”
“The launch of Deloitte Private Connect, our cloud-based offering that combines shared ledger accounting with automated bookkeeping, benchmarking, an online portal and many other digital technologies has been a transformational investment for Deloitte Private. It continues to revolutionise the way we work with our clients.”
Deloitte CEO Cindy Hook believes it is an exciting time of transition for many of Australia’s great family businesses and large private companies.
“We are seeing accounting, tax advisory, succession planning and business restructuring services in great demand in this important part of the Australian economy,” she said.
“Deloitte is committed to helping our clients leverage new technologies to grow their businesses and better structure their affairs. I know the leaders of GMK are equally passionate about helping their clients through this period of change.”
Joining forces with GMK in Melbourne will increase the Deloitte Private group to 120 partners and 1100 staff nationally and create what Deloitte believes is a dominant market position in the private clients sector in Australia.
“This transaction continues the growth momentum of Deloitte Private, with Moore Stephens Sydney West joining our Deloitte Private business in Western Sydney in 2014, followed later that year by market leading Perth-based firm, KD Johns & Co, joining our Deloitte Private team in Perth and the consulting and cloud advisory team from The Lonsdale Group in February this year,” Cindy said.
Kevin Slomoi, a director of GMK, said: “Joining Deloitte Private will expand the multidisciplinary services our team can access to serve our loyal client base, such as new and innovative cloud based technology as well as the intellectual property and deep experience within Deloitte’s broader practice areas such as specialist tax advice and M&A advisory.”
“Our people will be able to access the benefits of being part of the global Deloitte network, an innovative firm focused on developing new products and services, which will provide them with increased opportunities for career development.”
Marsh & McLennan Companies has announced that Dina Shapiro has been appointed Vice President, Head of Tax, reporting to Marsh & McLennan Companies Chief Financial Officer Mike Bischoff, effective March 30, 2015.
Ms. Shapiro will be based at Marsh & McLennan Companies’ corporate headquarters in New York City.
In this role, Ms. Shapiro will be responsible for financial reporting, project planning and development, global tax compliance, tax treatment of continuing operations, tax examinations, budgeting, and business planning. Ms. Shapiro will also advise the Executive Committee, Audit and Finance Committees, and the Board of Directors on tax-related issues.
Ms. Shapiro joins Marsh & McLennan from American Express, where she was Senior Vice President, Tax, with responsibility for tax planning, exposure management, tax compliance, and accounting since 2012. In that role, Ms. Shapiro additionally provided guidance on tax legislative and regulatory matters and business support with respect to all forms of income and non-income taxes. Ms. Shapiro joined American Express in 2010 as Head of International Tax.
“I am delighted to welcome Dina to Marsh & McLennan,” said Mr. Bischoff. “With her deep and wide-ranging tax experience, she will be an excellent addition to our leadership team.”
Prior to American Express, from 2006 to 2010, Ms. Shapiro served as Chief Tax Officer for GMAC, where she oversaw the tax department team comprising more than 60 professionals in six locations covering all GMAC businesses globally, including auto finance, mortgage operations, and structured finance. Prior to GMAC, Ms. Shapiro spent 11 years at Citigroup where she held numerous senior roles, including Senior International Tax Counsel and Deputy Head of Tax.
Ms. Shapiro received her undergraduate degree from State University at Binghamton, her law degree from Fordham University, and her LLM in Taxation from Georgetown University Law Center.
EY announced today that Sean Hailey, former Tax Advisor to the U.S. House of Representatives Committee on Ways and Means, has re-joined Ernst & Young LLP as a partner with the firm’s National Tax Department – International Tax Services in Washington, DC.
As a Tax Advisor with the House Committee on Ways and Means, Hailey helped formulate international tax policy and draft tax reform proposals primarily focusing on moving the U.S. international tax system to a territorial tax system.
“Sean’s extensive and wide-ranging knowledge of complex tax reform provisions relating to International Tax will be particularly valuable to our clients who need to prepare and plan for the development of new international tax standards,” said Michael Mundaca, co-director of the firm’s National Tax Department. “He has spent his career focused on the practical application and effects of the international tax rules, both in government and in the private sector, and that experience will be invaluable to our clients.”
Prior to his seven years with the House Committee on Ways and Means, Hailey spent four years with the International Tax group of Ernst & Young LLP in the Northeast region. In that role he focused on advising U.S. multinational clients on domestic and foreign taxation issues as well as strategic transactions, including acquisition structuring and financing structures.
Hailey earned his Master of Business Administration and Master of Science in Taxation from Fordham University, as well as a Bachelor of Arts in Economics from The College of the Holy Cross.
Deloitte has announced the appointment of Patrick Grob as a financial services tax partner. Based in the firm’s Brisbane office, he will also head up Deloitte’s Tax Management Consulting practice.
Grob observed that the strategic management of tax was becoming increasingly important to organisations: “A recent Deloitte study of over 1,000 organisations globally into the management of tax has shown tax decision makers consistently rate quality and control of higher importance than other commercial drivers, such as cost and process efficiency. The ability to add value will become increasingly important over the next three years. Tax transparency and board oversight is gaining additional attention in Australia and overseas by regulators, the media and shareholders. I look forward to working together with clients to determine their appropriate requirements in respect of tax risk and reporting requirements, but also help to deliver efficiency benefits through the use of technology and strategic alliances.”
Grob joins Deloitte from Suncorp Group where he was Head of Tax, responsible for all tax compliance, reporting and advisory obligations for the company in Australia and New Zealand. He has over 24 years’ experience within the financial services sector having previously also worked with Aviva in the UK and Norwich Union Australia.
Deloitte Queensland Tax Leader Stuart Cioccarelli commented: “We are delighted to welcome Patrick to the firm. He will be a great asset to the Brisbane team and his appointment confirms Deloitte’s commitment and strength in servicing the financial services market in Queensland. He brings an extensive understanding of tax within this market, in particular banking, superannuation funds, managed investment trusts and life insurance.
“As the lead for Deloitte’s national Tax Management Consulting practice, Patrick’s previous commercial experience in managing tax risks, financial transformation or integration projects, and the challenges of automating or enhancing tax reporting processes will undoubtedly be invaluable to our clients.”
Commenting on his reasons for joining Deloitte, Grob said: “The high calibre of professionals within the firm, it’s refreshing and forward-looking attitude, global reach and the ability to work with and influence a wide range of clients made the decision to join Deloitte very easy.”
Spire Healthcare Group plc has appointed a new Head of Tax, Carl Isaac.
Carl joins from RPS Group where he was Head of Group Tax. He trained in tax with Arthur Andersen but has worked in industry since 2002. His experience spans various industries, having worked for Thames Water, Daily Mail and General Trust and most recently RPS.
King & Spalding has recruited UK/European tax specialist Daniel Friel as a partner in its international tax practice in the London office. Previously, Friel was a partner and vice chair of the tax and benefits practice at Latham & Watkins.
“We are excited that Daniel has joined the firm,” said Abraham N.M. Shashy, leader of King & Spalding’s tax practice group. “His tax expertise and extensive experience in building European tax practices at his previous firms make him a natural fit to help expand our European tax practices in London, Frankfurt and Paris.”
Friel has close to 30 years’ experience as a broad-based tax lawyer advising clients on complex, multi-jurisdictional tax planning matters, including cross-border mergers, disposals and acquisitions principally in the UK, US and Europe, tax-related financing and structuring and international structured finance transactions. He has represented many London Stock Exchange 100 companies, banks, private equity firms, creditor committees, sovereign wealth funds and high-net-worth individuals. Friel qualified as a chartered accountant with Coopers & Lybrand (now part of PwC) before becoming a lawyer.
Friel has worked for clients including SAB Miller, ITV, JPMorgan, Carlyle and the Qatar Investment Authority. He is also ranked in both Chambers Global and Legal 500.
“Daniel is a respected and well-recognized tax practitioner in London and Europe. He adds depth to our London tax practice and we are pleased to welcome him to our City team,” said Garry Pegg, managing partner of King & Spalding’s London office.
Friel said: “King & Spalding’s commitment to building out its international network presents a perfect opportunity for growing my practice. I look forward to working with my new international corporate, finance and tax colleagues around the world to help the firm grow its global tax practice.”
Friel becomes the third tax partner in King & Spalding’s London office, joining Kevin Conway and John Taylor. Friel is also the fifth lateral partner to join the office since November 2014, following Elisabeth Baltay from Bingham McCutchen, Tom O’Neill from Linklaters, Markus Bauman from Latham & Watkins and Stuart Isaacs QC from Berwin Leighton Paisner. Friel brings the total number of partners in King & Spalding’s London office to 21.
Former U.S. House of Representatives Ways and Means Committee Chairman, Dave Camp, has joined PwC US as a senior policy advisor based in its Washington National Tax Services (WNTS) practice.
Recognized for his leadership in advancing federal tax reform, Chairman Camp led the Ways and Means Committee for the last four years until retiring from Congress earlier this year. In his role at PwC, he will continue to focus on the economic, tax, international trade and health care policy issues that were his responsibility as Ways and Means Committee Chairman and his passion during the 24 years he served in the House.
“Dave Camp is a luminary in his field, and we are honored that he has chosen to join PwC,” said Bob Moritz, chairman and senior partner of PwC US. “His commitment to removing barriers to trade and ability to work on a bipartisan basis resulted in the enactment of significant trade agreements. His vision regarding the critical need for tax reform as the catalyst for U.S. competitiveness has paved the way for the changes our economy needs over the next few years.”
Added Mark Mendola, vice-chairman and tax leader of PwC US, “Dave’s willingness to take on the herculean task of developing the most comprehensive tax reform proposal since the mid-1980s is testament to his ability to do what others considered impossible. Chairman Camp’s bill will serve as the foundation for the tax reform discussion that lies ahead of us. His impact on tax policy has been enormous. I know our clients look forward to hearing his insights, learning more about his innovative thinking and seeking his assistance in effecting change, qualities that served him so well in Congress.”
As Ways & Means Chairman, Mr. Camp served as part of the House Republication leadership and played a major role in the formation of policy on a wide range of issues. He was engaged in the Committee’s work on tax, international trade, Medicare, Social Security and fiscal policy issues for more than two decades. In December 2014, he introduced the Tax Reform Act of 2014, the most comprehensive tax reform proposal since the mid-1980s. The Camp proposal, as it became known, is widely recognized as an important foundation for significant business and international tax reform in the future.
In addition to his Ways & Means chairmanship, Mr. Camp was a member of the Joint Committee on Taxation (JCT) for six years, serving as Chairman in 2011 and 2013 and Vice Chairman in 2012 and 2014. He also served on the National Commission on Fiscal Responsibility and Reform, created in February 2010 to identify policies to improve the U.S. fiscal situation after the deep economic downturn. While on the Commission, Chairman Camp co-led the Tax Reform Working Group and was a member of the Mandatory Spending Working Group. Subsequently, he was one of 12 members of the bipartisan Congressional Joint Select Committee on Deficit Reduction, formed in 2011.
In his role at PwC, Mr. Camp will provide his perspective to PwC clients on important federal policy issues, including tax reform, the economy and the impact of proposed policy changes on businesses. He will help PwC clients navigate the dynamic legislative and regulatory process to develop successful strategies and advance policies meant to improve economic growth and competition in global markets. He will also provide valuable insight on the global business environment, including issues specific to Organisation for Economic Co-operation and Development (OECD) initiatives.