PwC US announced yesterday that it has grown its existing real estate practice in the Rockies market with the addition of industry veteran Robert Lund and a team of experienced tax professionals. The addition of this group to the Rockies will allow PwC to expand the suite of services it offers to its clients with a special emphasis on real estate investment trusts (REITs).
Robert Lund joins PwC’s Denver office as a tax managing director and will lead the Rockies real estate tax team. In addition, Kathleen Machamer and Jill Kaplan (pictured) join as tax directors and Beth Kroupa joins as a tax manager, also based in Denver. The team brings deep technical experience that complements PwC’s existing real estate practice.
“As part of our ongoing commitment to providing a depth and breadth of services to our clients, we are excited to invest in and expand our real estate practice, now comprised of a strong team with tax, assurance and consulting capabilities,” said Katrina Salem, PwC’s Managing Partner for the Rockies market. “Our growing team of talented professionals has both the technical capabilities and industry knowledge needed to enhance the value we deliver to our existing clients and the market.”
Lund comes to PwC with more than 20 years of real estate industry experience. He brings with him a combined knowledge of the industry and deep knowledge in the area of REITs. Lund holds a bachelor’s degree in business administration and a master’s degree in accounting from the University of Texas at El Paso.
Machamer joins PwC as a tax director with more than 10 years of combined public accounting and real estate industry experience. She brings technical insights on corporate real estate tax, specifically in tax positions related to the structuring of real estate and enterprise level transactions. Machamer received her bachelor’s degree in business and administration from the University of Massachusetts, Amherst and a master’s degree in taxation from the University of Denver.
“There has never been a time where changes in the corporate tax environment have been potentially so significant,” said Gary Reader, Head of Insurance, KPMG International.
“I’m thrilled that Brian has taken the helm of our global insurance tax practice. His leadership will continue to strengthen our insurance tax practice and deliver effective tax advice to multinational clients.”
Brian has been with KPMG for three decades and has been a Partner for 17 years, with a predominant focus on serving leasing, banking and insurance clients. In particular, he has extensive experience in advising on international taxation matters and on capital markets transactions.
“This is a time of significant and, in many ways, unprecedented change in the global tax environment for multinational corporations ,” said Brian, Global Head of Tax, Insurance, KPMG International. “Through KPMG’s global insurance tax network, insurance clients are able to tap into our deep tax expertise to help them understand the ramifications of these changes, and anticipate their potential outcomes.”
In addition to Brian’s responsibilities as global leader of tax for the insurance practice, he serves on KPMG International’s Global Financial Services Leadership team. He will also continue to serve as a Partner with KPMG in Ireland.
PwC US has announced the appointment of three new leaders to its U.S. Power & Utilities practice – Michael (Casey) Herman to U.S. power & utilities leader, Timothy Schutt to U.S. power & utilities advisory leader, and Robin Millerto U.S. power & utilities tax leader.
Chicago-based tax partner Robin Miller brings more than 20 years of experience to her new role as U.S. power & utilities tax leader. As tax leader, Miller is responsible for leading the delivery of tax advisory consultation services, working closely with PwC partners, staff and clients to respond to the complexities of the industry. She focuses on tax planning to optimize tax outcomes and mitigate risk, addressing specific client issues as well as the wider business and regulatory environments. She received her M.S.T. and B.A. from the University of Illinois and is a licensed CPA and member of the American Institute of Certified Public Accountants.
Steptoe & Johnson LLP has announced that Phil West has assumed the leadership of the firm, becoming chair of Steptoe’s executive committee effective January 1, 2014.
Mr. West succeeds Roger Warin, who served as chair for a decade and who has now been named chair emeritus, an honor befitting a long-time chairman in recognition of his tremendous contributions to the firm. Steptoe’s partners have also re-elected Phil Malet as vice-chair of the executive committee.
Mr. West, who heads the firm’s Tax Group and is widely recognized as one of the premier international tax lawyers in the country, first joined Steptoe in 1993 as of counsel. After serving in the government for four years, including three years as the Treasury Department’s senior international tax lawyer, he rejoined the firm as a partner in 2002. He has been actively involved in Steptoe’s management over the past decade, and has served on the firm’s executive committee, as well as a number of other firm committees.
“Phil has a keen intellect, excellent judgment, and a native sense of fairness,” said Mr. Warin. “I am confident that I have left the firm in good hands.”
From March 1997 to October 2000, Mr. West served as the Treasury Department’s international tax counsel. In that position, he oversaw every important policy, legislative, and regulatory development in the international tax area, and led tax treaty negotiations, discussions, and ratification efforts involving numerous countries, including the United States’ closest trading partners. At Treasury, Mr. West also led the US delegation to the Organization for Economic Cooperation and Development (OECD), playing a pivotal role in policy decision making by 29 of the world’s largest countries on some of the most important tax issues of the time.
Since returning to Steptoe more than a decade ago, Mr. West has built a marquee practice that focuses primarily on international tax issues for both domestic and foreign clients. Described as a “heavy hitter” and a “truly elite tax practitioner” in recent issues of the legal directoriesChambers USA and The Legal 500, Mr. West has authored some of the most influential tax articles and regularly speaks to both professional and academic audiences on international and domestic tax subjects.
“I am truly honored and humbled that the firm’s partners have asked me to serve as chair of the firm. Roger has been a terrific leader over the past decade and has guided the firm through several expansions as well as through one of the toughest economic periods the legal industry has ever experienced. I am looking forward to building on Roger’s success and to continuing his tradition of leadership that has served the firm and our clients,” said Mr. West.
During Mr. Warin’s tenure as chairman, Steptoe significantly expanded its footprint, opening new offices in New York, Century City, Chicago and Beijing. Mr. Warin will continue to serve on the firm’s executive committee and at Mr. West’s request will act as an ambassador-at-large to some of the firm’s most important clients. He will also work with the insurance litigation group to help map the future direction of that practice, and will continue his role with significant lateral recruits. Along with serving as chair emeritus, Mr. Warin will continue practicing law as a full-time partner.
The EY Global Life Sciences Center today announced several new appointments, including global leaders for each of the four EY service lines, Assurance, Tax, Transaction and Advisory services.
Mitchell Cohen has been named Global Life Sciences Tax Services Leader. Mr. Cohen has extensive experience serving life sciences companies, includes corporate and partnership taxation, transaction tax strategy and planning, tax risk and compliance and research tax credits, as well as the tax processes, systems and accounting methods specific to the pharmaceutical, biotechnology and medical device industries.
Mr. Cohen also presently serves as tax coordinating partner for several leading global pharmaceutical clients of Ernst & Young LLP in the US.
As part of planned changes in Smith & Williamson’s senior management team, David Cobb and Kevin Stopps are appointed Co-Chief Executives of Smith & Williamson Holdings Limited, with effect from 27 September 2013. At the same time, Andrew Sykes becomes Chairman of the Board.
The changes are prompted by the planned retirement of Gareth Pearce.
David Cobb and Kevin Stopps (pictured) share over 50 years’ combined experience with Smith & Williamson and summarise their joint ambition for the firm as “evolutionary, not revolutionary”.
Having each joined the firm over 25 years’ ago, they have a long history of successful collaboration, including working as members of the Board of Smith & Williamson. Cobb became Head of Investment Management and Banking in 2007 and Stopps took the lead for the Tax and Business Services division in 2010.
In addition to their roles as Co-Chief Executives, Cobb and Stopps will each remain responsible for the management of their respective divisions.
Kevin Stopps explains: “David and I are excited to lead the firm in the next phase of its evolution, driving the growth of one business with complementary service lines. We continually seek to enhance the way our people work together to provide the comprehensive and integrated service to clients for which we are known.”
Prior to becoming managing partner, Kevin provided taxation advice to some of the firm’s corporate clients and was head of tax. He had a particular interest in property and financial services and was, for many of these clients, their trusted adviser. Although his role now is largely a management one, he continues to be a trusted adviser to a handful of clients, many of whom have been with the firm for over 20 years.
Kevin graduated with an honours degree in economics from the University of East Anglia and is qualified as a chartered accountant and a chartered tax adviser. He joined Smith & Williamson on 19 October 1987 (Black Monday)!
PwC US has announced that Diane Baylor has been appointed Tax leader of the firm’s Technology Sector practice.
Diane brings more than 24 years of experience to her new role as Tax Leader of PwC’s US Technology industry practice. In addition to overseeing the services provided to the firm’s technology clients, she will also continue providing tax services related to global operations and integration of acquired companies, transfer pricing, and international tax to a number of the world’s leading US-headquartered, multinational software, internet, and computer hardware companies. Baylor received her bachelor of arts degree in accounting and master of arts in business with a concentration in accounting from Colorado State University.
Additionally, Diane has participated in PwC’s US Strategy Committee and US Firm Extended Leadership Team, and she also served as the Global Tax TICE (technology, communications, and entertainment) industry leader.
Timothy R. Larson is the new Partner-in-Charge (PIC) of the Firm’s New York Tax Department, effective immediately. As a regional Tax PIC, Mr. Larson becomes part of the senior management of Marcum’s national Tax Department, headed by Joseph J. Perry, Firm-wide Partner-in-Charge of Tax & Business Services.
Mr. Larson joined Marcum in the New York City office in January 2013 as the Practice Leader of Marcum’s international tax service line. He has more than 20 years of experience in international taxation, cross-border restructuring and reorganizations, mergers and acquisitions and financial statement accounting for taxation. Mr. Larson specializes in advising clients on the US tax aspects of international taxation as well as overall tax services; such as accounting for income taxes, compliance review and providing tax advisory services related to restructuring, acquisition/disposition planning, intellectual property and supply chain planning, and transfer pricing. He works in numerous industries including retail luxury, consumer products, manufacturing, energy, pharmaceutical and life sciences, and technology.
Mr. Larson spent the majority of his career in the International Tax Services group of a “Big Four” accounting firm, where he more recently headed the New Jersey-based international tax practice. He earned his BBA degree in accounting and his master’s degree in taxation from the University of Texas. He is a resident of Belle Mead, N.J.
“Tim is an extremely accomplished tax leader who has had a significant impact since joining Marcum earlier this year,” Mr. Perry said. “As New York Tax PIC, he will play an instrumental role. We have the highest expectations for his continued contribution to the success of his clients and the growth of the Firm in the future.”
Brett McGrath is the new Partner-in-Charge of the Firm’s Connecticut Tax Department, effective immediately. Mr. McGrath oversees tax services in the Hartford and New Haven offices. As a regional Tax PIC, he becomes part of the senior management of Marcum’s national Tax Department, headed by Joseph J. Perry, Firm-wide Partner-in-Charge of Tax & Business Services.
Based in Marcum’s Hartford, Connecticut office, Mr. McGrath is a member of the Firm’s National Construction Industry group as well as its State and Local Tax Practice group. He has more than 20 years of experience providing federal and state tax consulting and compliance services to corporations, partnerships and individual clients. He has extensive experience working with construction contractors, developers and homebuilders; manufacturers; service corporations; and sports and entertainment professionals, and is a frequent speaker on tax matters for construction companies. Prior to joining the Firm, Mr. McGrath spent several years at a “Big 4″ accounting firm. Earlier in his career, he was a Corporate Tax Specialist at a multi-national manufacturing company.
Mr. McGrath holds a BS in Accounting from the University of Massachusetts, Amherst, and a Masters of Science in Taxation from Bentley University. He is a resident of Wethersfield, CT.
“Brett is a deeply knowledgeable tax leader who is a valued advisor to his clients as well as a mentor to other partners and staff in Marcum’s Connecticut region,” Mr. Perry said. “He is extremely deserving of this new leadership role, and the entire Firm congratulates him.”