Carsten Bonnerup has joined Arla Group as the Global Head of Transfer Pricing.
Carsten trained with SKAT (the Danish Tax Administration) before moving to Vestas, where he was led transfer pricing for various parts of the business. In 2012 he joined Deloitte Denmark as a Senior Manager within the TP practice.
In his new role his responsibilities will be:
- Arla Group transfer pricing strategy and governance
- Operational TP (Transfer pricing policies, TP controlling, business model optimization, due dilligence, transfer pricing adjustments, business restructuring)
- TP audits and documentation (global Arla group documentation model, negotiations with tax authorities, dispute resolution, MAP/APA, benchmarking strategies, coordination of resources)
Arla Foods is a global dairy company and a co-operative owned by dairy farmers. They have production facilities in 12 countries and sales offices in a further 30, with a total of more than 18,000 employees.
Transfer Pricing specialist Sid Paruthi has resigned from EY San Jose to join Apple Inc as Head of Transfer Pricing, based from Cupertino.
Mr Paruthi started his career in India with EY in 1996 focusing on international tax issues. He moved to The Netherlands in 2000 to specialise in Transfer Pricing with PwC. In 2006 he returned to EY, joining the San Jose office.
Whilst in the US Mr Paruthi focused on technology clients and was quality head for the west coast transfer pricing practice.
Questro International, a new transfer pricing advisory firm, has announced the opening of their first office in Zurich and the recruitment of Stephen Alleway as their new head of Transfer Pricing in Switzerland.
Questro International was founded in October 2013 by experienced and internationally operating transfer pricing professionals. Stephen joins the firm after 15 years of Big 4 transfer pricing experience at both PricewaterhouseCoppers (PwC) and Deloitte, covering the UK, Australia, and Switzerland.
Stephen was most recently the founder of Deloitte’s transfer pricing group in Switzerland and assumed a variety of transfer pricing leadership roles during his time as a Partner with the firm. He has more than 15 years’ tax experience in the field of transfer pricing and has acquired broad experience in leading large global projects for Swiss and foreign headquartered multinationals.
Stephen has been named as a leading transfer pricing adviser in various publications since 2007 and has been listed in recent Euromoney/Legal Media Expert guides. He was cited in the 2012 publication of World Tax, the International Tax Review’s directory of leading tax advisory firms around the world, as an adviser recommended for his transfer pricing work by contemporaries in the Swiss market. He is a contributor to publications on transfer pricing and speaks widely on the subject in Switzerland and Internationally.
Before joining Questro, Stephen was recruited in 2006 by Deloitte AG in Switzerland to establish and build up a transfer pricing group in Switzerland. Under his leadership, he established a well regarded team of professionals and helped raise Deloitte’s profile locally. This was recognised in the market with various client wins and awards, including International Tax Review’s Transfer Pricing Firm of the Year Award in May 2008.
Stephen comments: “I am delighted to be joining a group of senior professionals in launching a new and truly innovative transfer pricing advisory firm. Transfer pricing has never been higher as an issue on the global tax agenda. For me, it makes perfect sense that our first office should open in Switzerland, which finds itself at the heart of so many client’s TP structures and is under great international scrutiny within the current G20 debate about tax base erosion and profit shifting”
More info about the firm here: http://www.questro-international.com/
Renewables company Vestas has promoted David Mateu.
David has been with the Group Tax function since 2010 as Head of Tax for the Mediterranean and LATAM regions. He will now lead transfer pricing globally and continues to be based from Madrid.
David trained with KPMG and moved to PwC where he reached Senior Tax Manager grade. Since then he has held a series of high profile commercial tax roles, Tax Controller Europe at Bacardi Martini, Tax Director Iberia at GE Capital and Tax Director Europe at Checkpoint Systems.
In his new role he will be responsible for:
1. Setting up the Group’s Transfer Pricing agenda and strategy
2. Identifying & analyzing Global transfer pricing issues and opportunities within the Group
3. Developing recommendations to enhance the Group’s transfer pricing position
4. Implementing transfer pricing planning initiatives in a cross-functional setting
5. Advising business leaders on transfer pricing implications of business initiatives and planning opportunities
6. Ensuring compliance with global transfer pricing rules including maintaining contemporaneous global transfer pricing documentation, cost share arrangements and intercompany agreements.
7. Managing and leading transfer pricing controversies (MAPs, APAs, etcetera) and
developing audit defense strategies
8. Determining tax provision implications/ tax risk management of transfer pricing matters
9. Managing external tax counsel and global advisors
10. Monitoring changes in transfer pricing law and ensuring global compliance with TP regulations
Hogan Lovells has hired Fabrizio Lolliri as European Director of Transfer Pricing. He will join the corporate (tax) team in the London office on 14 October 2013.
Fabrizio has nine years’ transfer pricing experience and joins the firm from Alvarez & Marsal, a global firm specialising in turnaround and interim management performance, where he was Global Economic Specialist. Before that he was at France Telecom where he was Group Head of Transfer Pricing. Previous to this he spent time at Deloitte and KPMG. Fabrizio has acted as both a client and an adviser and also comes from a strong economics background enabling him to build his own financial models.
Commenting on Fabrizio’s arrival, Fulvia Astolfi, global Co-Head of Hogan Lovells tax group said:
“We are seeing an increasing need from clients for transfer pricing advice, particularly in the current climate where there is a particular focus internationally on transfer pricing as governments look to protect their revenues in the context of the global economic crisis. Fabrizio’s appointment allows us to provide the highest level of customised transfer pricing advice in the context of commercially-driven group projects and M&A transactions.”
“Transfer pricing is a truly international discipline and Hogan Lovells has a first class global tax practice. Hiring Fabrizio, and also Rupert Shiers (London) and Gerard Neiens (Luxembourg) earlier this year, reflects our continuing commitment to grow and strengthen our global tax practice further.”
Fabrizio Lolliri said:
“Hogan Lovells boasts a highly regarded tax practice which will now provide an excellent global and full-service transfer pricing offering to clients. The current changes in tax legislation and transfer pricing regulations (e.g. BEPS and new OECD Chapter 6) will bring more focus to the economic and legal aspects of transfer pricing and Hogan Lovells will be uniquely placed to support clients in this respect. I am looking forward to working with the team here in London and internationally”.
Fabrizio’s arrival comes just four months after the hire of direct tax disputes partner Rupert Shiers (London) and shortly after the appointments of tax partners Gerard Neiens to the firm’s new Luxembourg office and Cameron “Cam” Cosby to the Washington office.
Spotted a new role on the OECD Careers site today. If you think you can fill Joe Andrus’ shoes then read on. However, salary seems pretty low for such a senior post – EUR 93,600 (tax free) per year. I guess the attractiveness will depend on how how heavily taxed you are at the moment ! Joe Andrus had retired from the PwC US partnership (2009) when he took up the post. https://oecd.taleo.net/careersection/ext/jobdetail.ftl
Carolo Navarro joined Deloitte this month, working for the South East Asia practice and based from Singapore. He will cover or lead several TP practices for the Firm in the region.
He joins from EY where he has worked since 2005, latterly as Head of TP for Indonesia, working from the Jakarta office.
In 2011, he was voted by Expert Guides as a leading TP advisor in Indonesia in its Guide to the World’s Leading Transfer Pricing Advisers.
Theo Elshof, a senior transfer pricing specialist and global leader in the profession has joined Quantera Global this week as a Senior Partner based in The Netherlands.
Theo, a former Big 4 Senior Transfer Pricing Director from Deloitte, brings with him over 20 years of specialized experience in international tax and transfer pricing management. He has delivered transfer pricing solutions to support many leading multinational clients in a variety of industries.
Quantera Global is a global transfer pricing practice that launched earlier this year. The firm has grown rapidly over the past couple of months since establishing and now has 10 offices located globally.
Theo says that the move to Quantera Global means that he can place even more focus on servicing the increasingly challenging and global demands of his multinational clients.
“Quantera Global is uniquely positioned to deliver these services. The firm not only already has a strong network of leading transfer pricing specialists in all key countries in Asia, but it is now boosting its presence in Europe as well, shortly after Swiss and Italian based specialists have joined the firm,” he said.
Theo’s former experience also includes as the head of the APA team and a senior member of the Coordination Group on Transfer Pricing at the Dutch tax authorities, as well as tax director functions at two large multinationals.
His deliverables include APAs (unilateral, bilateral as well as multilateral), Mutual Agreement procedures, audit defence, design and implementation of transfer pricing systems and business modelling.
Theo says that he is looking forward to working with multinational clients to provide optimal and sustainable transfer pricing support from design, documentation up to and including strategic defence, and negotiation and conclusion of APAs and MAPs.
Steven Carey, Senior Partner of Quantera Global says that with the addition of Theo in Europe the firm will be perfectly positioned to provide optimal support to multinational clients with respect of inbound and outbound transactions and investment flows between Europe and Asia.
“Theo contributes significantly to our ability to satisfy the needs of our global multinational clients. He has an excellent track record and is very well connected to the (Dutch) tax authorities. He will be a trusted strategic partner to clients, in assisting them to navigate the increasingly rough transfer pricing waters around the world,” he said.
Quantera Global is a transfer pricing practice that launched in early 2013 by a select group of senior transfer pricing partners from another global transfer pricing consulting firm.