PwC has appointed Justin Woodhouse to lead its Channel Islands Tax practice.
Justin joins from the London office where he is a International Tax Structuring partner, having been admitted in 1990. He also currently leads PwC’s European Banking and Capital Markets Tax team
Justin has worked in New York, as well as a five year period at PwC in Tokyo, where he helped to launch the Japan Financial Services practice.
Brendan McMahon (pictured), Senior Partner at PwC CI, commented:
“We have been very fortunate to have Wendy Dorman lead our tax practice since joining us in March 2008. As she reaches a major milestone in her career, preparing to retire this summer, we are most fortunate to welcome yet another strong Tax Leader to the Channel Islands’ firm to spearhead this important area of the business. Through Justin’s leadership, we will continue to grow our Tax practice, building on the great work that Wendy has already done. With Justin’s unique combination of skills, he will be instrumental in driving high levels of client satisfaction throughout the Channel Islands and looking at the challenges and opportunities ahead for the local market and beyond.”
Justin said: “I have much enjoyed collaborating with Wendy for some years. She has grown a great practice and I am very enthused at the opportunities for serving our clients in the Channel Islands at a time of so much change and renewal in the international tax scene.”
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.
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.
Walkers’ Dublin office has recruited high-flyer Jonathan Sheehan as Head of Tax for Ireland.
He advises across tax heads in a wide range of areas including structured finance and capital markets, financial services, investment funds, private equity, corporate, banking and real estate. Jonathan also has extensive experience in advising on corporate migrations, cross-border mergers and loan portfolio sales and acquisitions.
Jonathan has acted for a number of domestic and international clients, including publicly listed companies, financial institutions, private equity investors, hedge funds, high net worth individuals, fund managers, charities and Irish State bodies.
Before joining this month he was a partner at Arthur Cox, where he has worked since 2000. Jonathan graduated from Trinity College and went on to do a Master of Laws at Cambridge.
There has been a change in the management of the tax & legal practice at EY Romania. The new leader is Alex Milcev.
Alex has been with the firm since 2002 and focuses on international tax and transfer pricing. He trained in tax with Arthur Andersen.
He takes over from Venkatesh Srinivasan who is relocating with EY to India.
Cooley LLP, a leading technology and life sciences US law firm, has announced that it has launched a UK practice in London. Cooley’s new office will include 20 partners and more than 55 lawyers and other professionals in total.
The Firm has hired Michael McCormack to lead the tax practice. Michael is not a lawyer and his title is therefore Tax Director, rather than Tax Partner.
Prior to joining Cooley Michael was a tax partner with Edwards Wildman, having launched their tax practice in 2012. Prior to Edwards Wildman Mr McCormack was Head of Tax at Salans.
Michael has a strong background in the tax aspects of all corporate, M&A and commercial work. He is a commercially minded tax practitioner with extensive experience in both UK and International tax matters. Specifically Michael specialises in corporate, finance and property taxation and has advised companies and institutions on a wide variety of matters. He has extensive experience with all aspects of corporate transactions including mergers and acquisitions, demergers and corporate reconstructions. He has also advised extensively on all aspects of property investment including stamp duty land tax, value added tax and capital allowances. Over the years, he has assisted a number of private equity houses in structuring and then implementing their transactions.
Michael is fully conversant and familiar with the issues, structures and planning techniques that overseas investors need to adopt and implement in order to avoid unnecessary tax leakage in respect of their foreign investments. Specifically he has designed and implemented a number of structures which have utilised double taxation arrangements to facilitate the financing of overseas investments by non-UK resident investors so as to ensure that these investors can exit their investment without incurring any additional tax cost.
Advising a UK plc on a proposed migration of their tax residency from the UK including the various means of migration and their consequences.
Advising public sector and private sector participants in major regeneration projects across the UK including the use of joint ventures and tax incremental structures.
Advising a major US listed company on the UK domestic and international tax implications of its proposed participation in a UK joint venture arrangement where all the other participants were also non-UK resident companies. The challenge was to maximise the tax deductions for the proposed development in the UK whilst ensuring that the Joint Venture participants could extract their equity and debt investment without incurring any unnecessary tax cost.
Advising a UK listed company on its proposed participation in the construction and on-gong maintenance commitment in respect of a major infra-structure development in the Middle East. As domestic regulations required the involvement of a local contractor the development was undertaken via an offshore joint entity. From a tax perspective the objective was to ensure that the existence of the JV entity did not create any tax blockages for the UK listed company.
Advising a French utility company on the tax implications of its proposed involvement in a joint venture arrangement with a local Indian company to undertake a development project in Mumbai. The planning was primarily concerned with the creation of a intermediate holding company in a third party jurisdiction to eliminate the Indian withholding taxes that would otherwise have arisen on the payment of interest, royalties and dividends.
Advising the UK participants in a UK joint venture as to the appropriate structuring of the joint venture entity to maximise their tax relief entitlement.
Advising UK investors as to the benefits of using a Luxembourg company for structuring investments into China and the Far East.
Advising a major UK investment manager on the tax structuring and set-up of a Luxembourg holding company group for investments in European properties.
Acting for a US group on the structure and set-up of an international fund for investment in East European real estate.
Advising US shareholders in a UK listed company on techniques for implementing a tax efficient corporate restructuring in the UK and subsequent return of value to those shareholders.
Advising UK investors on the most appropriate method for structuring a proposed inbound investment into India.
Advising a management team on a secondary management buyout.
Advising the management teams of private equity backed portfolio companies in respect of their incentivisation arrangements.
Colin Brigden has joined Informa plc as Head of European Tax Business Support, with effect from Jan 2015.
Colin was previously Group Head of Tax & Treasury at Guardian Media Group, where he managed a team of three tax professionals. He has always worked in-house and started his career in 1984 as a Tax Assistant at Petrofina. Since then he has worked at Natwest, National Power, Cordiant Communications, Publicis Groupe and Media Square plc.
He is a member of the Tax Director Network, Fellow Member of Federation of Tax Advisors and Graduate member of Institute of Legal Executives.