Erste Group Bank, the Austrian owned banking group, has appointed Andrea Lee to head up Transfer Pricing. The group operates in 7 countries: Austria, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia and Andrea will be based in the Vienna HQ.
Andrea has had a very diverse tax career to date. She trained in Austria with TPA Horwath and then moved with Horwath to the Prague office. In 2005 she moved internally again to head up their operation in Shanghai with a focus on tax advice to inbound investments and business development.
In 2008 she moved to Deloitte Vietnam and progressed to Tax Director. After secondments with Deloitte in Melbourne and Brussels she returned with the Firm to Vienna, where she has worked for the past 3 years. For the past 5 months she has been on secondment to Borealis (her first in-house experience).
Quantera Global has announced the hiring of Ashish Dave as a Director of the firm to be based in Sydney, Australia. Ashish has over 13 years of experience in international tax, specialising in transfer pricing. Ashish joins from Deloitte’s Sydney office, where he was a Director.
Ashish has considerable experience across a wide range of industries and has extensive experience in the practical design, documentation and implementation of transfer pricing systems. His capabilities include assisting clients operating in various industries including digital economy, consumer products industry, retail space and companies operating in the information technology industry. Ashish also provides practical hands-on management of complex transfer pricing reviews including live cases as part of the ATO’s current International Structuring and Profit Shifting project.
Ashish said that “now is the most exciting time to be working in the transfer pricing area, with many developments in Australia and globally. I am thrilled to join Quantera Global at this time, as it represents a unique proposition in the market, especially for fast-growing small and medium-sized enterprises. The firm provides truly specialist transfer pricing services, with senior personnel having a hands-on role on all client engagements, with fast turnaround times and reasonable fees. The firm is particularly well-known in all key countries in Asia, but is also growing strongly in Europe and the US market” he said.
Douglas Fone, Managing Director of Quantera Global commented that “we are delighted to welcome Ashish to the firm in Sydney. He has great experience and particular expertise in dealing with the complex transfer pricing issues faced by multinationals in Australia, especially those in the small and medium-sized category, which are subject to increasing scrutiny by the ATO and yet have limited resources available to meet these challenges”.
Stean Hainsworth, Executive Director of Quantera Global added that “Ashish’s knowledge and experience will ensure that multinationals can access the high quality transfer pricing services that they need, when they need them and within their budgets. His recruitment represents another step in Quantera Global’s objective to establish itself as the natural choice for specialist transfer pricing services in Australia and throughout Asia”.
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