David Leavitt has joined PwC this summer as a Principal in the NY tax team.
David joins from Mayer Brown in Chicago, where he has been a Senior Associate for the past 2 years. His work focuses on structuring real estate, venture capital and private equity funds on behalf of fund sponsors, as well as structuring investments in such funds in a tax efficient manner for taxable, US tax-exempt, non-US governmental investors and other non-US investors. He frequently advises investors and investment sponsors in connection with inbound investments from outside of the United States.
Heikki Vesikansa has joined Nordic Law Firm, Hannes Snellman, to head their transaction structuring practice in Helsinki.
He will be advising clients on the tax structuring of investments, divestments, and joint ventures.
Heikki has had a key role in preparing structuring analyses and assessing tax considerations in various private and public M&A matters as well as in equity and debt capital market transactions. He has also defended clients’ tax structures in courts, including advice on recent successful high-profile tax cases at the Finnish Supreme Administrative Court. He has participated in the recent consultations for Finnish interest tax deduction limitations (earnings stripping) and new Finnish rules on the taxation of repayment of equity capital.
Heikki joins Hannes Snellman from KPMG Oy Ab where he has worked since 2001. Until 2010 he was a Director within the M&A practice but was then promoted to partner and took on a broader role as Head of the Private Equity group.
Fried, Frank, Harris, Shriver & Jacobson LLP has announced that Christopher Roman and Nick Thornton have joined the Firm as partners in the Tax Practice, with Mr. Roman residing in the New York office and Mr. Thornton residing in the London office.
“We are pleased to welcome Chris and welcome back Nick, who both bring strong technical skills and commercial acumen to our Tax Practice and to our clients around the world,” said David Greenwald, chairman of Fried Frank. “In addition, both consistently demonstrate a deep understanding of the markets in which their clients operate and will make important contributions to our asset management, mergers and acquisitions, capital markets, finance and real estate matters.”
Mr. Roman’s practice focuses on tax aspects of alternative investment funds and fund-related M&A, with significant experience in both corporate transactional work and matters involving real estate and real estate investment trusts (REITs). In addition to representing both sponsors and investors in fund formations, he has extensive experience representing investors in secondary sales of interests in private funds on both the sell-side and buy-side, as well as investors and sponsors in debt and equity co-investment transactions. Mr. Roman also has significant experience involving REITs, including representation of companies and underwriters in REIT formations, securities offerings, debt financings, asset acquisitions, dispositions, M&A and other transactions.
Before joining Fried Frank, Mr. Roman was a partner in the Tax Department of King & Spalding’s New York office. He received an LLM from New York University School of Law in 1995, a JD from The University of Akron School of Law in 1994 and a BS from Indiana University in 1991. Mr. Roman is the chairman of the American Bar Association’s REIT Committee and member of the New York City Bar Association’s Committee on the Taxation of Business Enterprises.
Mr. Thornton advises clients on the tax aspects of a range of business matters – particularly those with an international dimension – including M&A, corporate restructurings, securities offerings, financings and fund formation. In the private equity space, he has significant experience in fund structuring and in related structuring of incentive arrangements among sponsor team members.
Mr. Thornton was most recently head of Orrick, Herrington & Sutcliffe LLP’s London Tax Practice. From 2005 to 2010, he was a senior associate in Fried Frank’s London Tax Group and worked with a number of Firm clients such as Aleris, Goldman Sachs, Highbridge, Rio Tinto and Virgin Media.
Mr. Thornton received an LLB from City University in London in 1995 and a BA, with honors, from the University of Oxford, New College in 1993. He was awarded a Legal Practice Course distinction by the College of Law. He is a solicitor and an associate of the Chartered Institute of Taxation. He has consistently been recognized by Chambers as a leading lawyer in Tax.
Taxand Netherlands has announced the hiring of Susan Raaijmakers as tax partner.
Susan has extensive experience as a tax adviser in the real estate sector and has worked previously at Andersen and Deloitte. She has experience in a variety of real estate projects such as setting up partnerships for private investors and institutional investor in The Netherlands, Germany and the USA, international tax advisory services to construction companies, real estate developers and real estate funds and due diligence reviews on the acquisition of real estate projects, real estate portfolio funds and real estate companies.
Marc Sanders, Tax partner at Taxand Netherlands added: “Raaijmakers joins us with a market leading reputation and wealth of experience in real estate related taxation. Her arrival compliments our current client offering and provides important additional reach for a number of Dutch and global real estate clients.”
KPMG Australia has announced the hiring of senior lawyers from Maddocks’ tax controversy practice.
The move represents a significant investment by KPMG Legal and Tax Services and confirms its position as the premier practice in Australia for tax controversy services.
The team joining KPMG is led by Angela Wood, a senior tax controversy partner at Maddocks. Ross Hocking and Angelina Lagana, also senior tax controversy lawyers at the firm, have decided to come to KPMG with Angela. The team have worked with each other for over 10 years, building what has become one of the leading tax controversy teams in Australia, with significant expertise in transfer pricing.
Nationally, with the recruitment of the new team, KPMG Legal and Tax Services will grow to a practice of nine partners and special counsel, specializing in tax controversy services, with dedicated offices in Sydney, Melbourne and Brisbane.
Gary Wingrove, CEO of KPMG Australia, said “This team hire reflects KPMG’s investment-led growth agenda, and demonstrates our commitment to investing across all parts of our business. Companies are increasingly demanding specialist expertise and by meeting their needs we will achieve growth both for our own firm and for our clients. This recruitment will confirm KPMG’s position as the premier tax controversy practice in Australia.”
Rosheen Garnon, KPMG National Managing Partner – Tax, said: “We are seeing increasing interest in tax controversy, and in particular disputes with a cross-border element, including transfer pricing issues where the team has substantial expertise. The KPMG Legal and Tax Services practice has expanded rapidly over the past 12 months attracting leading professionals and the recruitment of renowned experts such as Angela, Ross and Angelina will give it real further momentum.”
She added: “Unlike other professionals in the field, who typically only act for taxpayers, Angela, Ross and Angelina offer clients a distinctive proposition and perspective, having represented the ATO for a number of years in leading tax cases. Applying this experience, they can offer clients a unique insight into how to manage their interaction with the ATO and formulate the most appropriate strategy to avert or achieve early resolution of any tax dispute.
“Joining KPMG will enable Angela, Ross and Angelina to work together with specialist tax partners to deliver complete solutions to clients, under one roof, whether it is preparing for tax audits, dispute resolution, or, if necessary, assisting with representation in court.”
KPMG has a focused growth strategy offering niche legal services focusing on tax. Tax dispute resolution is an area the firm has targeted for particular attention, as companies are increasingly looking for specialist advice to prevent and resolve tax audits and disputes.
Rosheen Garnon added: “A recent survey by KPMG International showed that 75 percent of tax executives globally were involved in a tax examination or dispute with a tax authority. In Australia the firm is seeing a rise in disputes with a cross-border element, which is why we are busy recruiting specialist tax lawyers who can help companies operating both domestically and internationally. The Maddocks lawyers joining will be of tremendous assistance in this respect.”
Mazars has recruited Melanie Orriss from Baker Tilly.
Melanie has been with Baker Tilly for over 11 years and specialises in advising family and owner-managed businesses and their associated private individuals, both in the UK and internationally. At Mazars she will focus on developing the firm’s work in these areas across the London region.
She will report to Tim Davies, Head of Tax.
Ali Kazimi has joined Mazars London as a Financial Services Tax Partner.
Mr Kazimi has held several tax leadership roles over the years and this is a high profile hire for Mazars. From 2005 to 2009 Mr Kazimi was with EY where he was Head of Investment and Operational Taxes and also Leader of the UK Pensions Tax Practice.
In 20o9 he joined Deloitte UK but relocated to the Firm’s Middle East pracice in 2011. Whilst there he was International Tax Services Leader for the MENA region, FACTA Leader and GFSI Tax Leader.
Mr Kazimi is a leading expert in the field of investment and operational taxes, with a wealth of experience in determining product/investment policies and tax technical interpretations. Ali is a frequent speaker at conferences and has also written on wide range of topics including FATCA, Securities Lending, Sovereign Fund Investing, Pension & Asset Pooling, Multi?Manager Investing, Custodial Structures, and Stamp & Transfer Taxes. He works primarily with banks, hedge funds, institutional investors, asset and wealth managers, investment brokerage and platforms, and investment services firms.
Grant Thornton has admitted Ray Werth, 42, as Tax partner in the firm’s New York office effective Aug. 1.
Werth joined the firm in 1999 and has nearly 15 years of tax experience with commercial and service companies. His technical knowledge includes corporate, partnership and s-corporation taxation, as well as extensive experience with ASC 740, accounting for income taxes and accounting for uncertainty in income taxes. He works extensively with manufacturing, cloud-based and professional service entities. He assists clients with ASC 740, mergers and acquisitions, reorganizations, tax optimization strategies for flow-through entities and foreign tax analysis.
Werth is a CPA in New York and New Jersey and a member of the AICPA and the New Jersey Society of CPAs.