Bober Markey Fedorovich, a Top 20 Northeast Ohio CPA firm, has announced a few leadership promotions at the firm this month. These include Tod Wagner, who has been named Managing Partner of BMF’s Cleveland Office
Wagner joined BMF as part of last year’s merger with Cleveland-based firm Libman, Goldstine, Kopperman & Wolf.
In this new role, Wagner will work closely with Fedorovich, focusing on continued growth and expansion of the Cleveland office. Wagner has served as a tax partner in the Cleveland office, and brings more than 20 years of experience to middle market businesses and their owners. Along with his broad background in corporate and individual tax planning, Wagner has extensive expertise with mergers and acquisitions, having created tremendous tax savings for clients through innovative transaction structures and negotiation of attractive deal terms.
In transitioning the leadership of Cleveland office operations, finances, processes and personnel matters, Wagner will continue to work strategically alongside Keith Libman and Alan Goldstine, who will remain engaged in their client service roles and active in promoting the growth of the firm.
Wagner started his career in tax with Arthur Andersen, where he worked for 8 years, after graduating from Miami University.
PwC U.S. has announced that it expanded its Private Company Services (PCS) practice across the state of Florida, offering PwC’s full range of services including audit and assurance, tax and advisory services to private companies, their owners and high net-worth individuals in the region. PwC expects to grow its number of professionals in the region by nearly 50 percent across the next three years across its offices in Tampa, Miami, Jacksonville, Orlando and Ft. Lauderdale.
“We’re delighted to expand our private company offering to Florida,” says Rich Stovsky, U.S. leader of PwC’s Private Company Services practice. “We’ve expanded our national practice exponentially and expect Florida to be our fastest growing market for private company services to date. Through our global network and local professionals we will help companies in Florida to meet business demands and remain a key driver of the overall U.S. economy.”
As part of its expansion, PwC has appointed David Zimmerman as Florida PCS Leader, who will be based in the firm’s Tampa office. Zimmerman is a tax partner who specializes in serving private companies on corporate income tax issues as well as international tax, state and local taxation, mergers and acquisition planning, due diligence analysis and tax minimization strategies. He received a bachelor’s degree in accounting from the University of Maryland as well as a master’s degree in taxation from Villanova University and is a Certified Public Accountant in Massachusetts, Pennsylvania and Florida.
Mr Zimmerman is a seasoned PwC leader. He was Head of Tax at Harrisburg from 1996 to 1998, North Florida Tax Leader from 1999 to 2003, PCS Tax Leader for NY Metro from 2003 to 2010, and PCS Leader for US East Region from 2010 to 2014. Since 2014 he has been the PCS Sales & Marketing Leader for the Greater Boston area.
“Florida has become a hotbed for fast-growing private companies, both domestically and for international companies seeking expansion in the U.S.,” adds Zimmerman. “With increased competition, regulatory shifts and a fierce battle for talent, we are seeing an increased demand for our services. We look forward to helping companies in Florida to navigate these complex set of challenges.”
Stephen Hall has succeeded Paul Feechan as the head of the Firm’s Newcastle office. He is now the office senior partner in the North East – this follows Mr Feechan’s decision to retire next month.
Mr Hall has been with the firm for 22 years and specialises in direct tax. He has been a partner since 2008. Commenting on his appointment he said:
“I’m delighted to be taking over from Paul, who couldn’t be leaving the North East practice in a healthier position. Under his stewardship our presence and investment in the region have grown significantly and as a firm we are working with the majority of the most influential companies operating here.”
Deloitte employs over 200 staff in its Newcastle office.
O’Melveny & Myers LLP has named Jan Birtwell as Head of the Firm’s London office.
Jan is already the Firm’s Regional Head of Transactions in Europe and the partner responsible for O’Melveny’s graduate recruitment program in London. She also is the founder of the TransAtlantic Tax Group, an association of more than 100 tax practitioners at US law firms in London. As a partner in O’Melveny’s Tax Practice, Birtwell advises on the UK and international tax aspects of corporate finance and merger and acquisition transactions and on the tax structuring of investment funds—particularly those focusing on private equity, infrastructure, and mezzanine finance/debt (including distressed debt situations).
“Jan is a sought-after resource for clients involved in any cross-border business and a valued leader of the Firm,” said Firm Chair Bradley J. Butwin. “Since joining O’Melveny 10 years ago, Jan has embodied the core values of O’Melveny and is a natural fit for this role.”
Illustrative Professional Experience
- designing fund structures to suit a spectrum of investor types in various jurisdictions, including the US and Europe and underlying investment structures to suit specific investment strategies based on private equity or hedge or a mix of such models
- advising a large private banking group on appropriate feeder fund structures to invest into private equity and distressed debt funds raised by leading fund managers/houses
- advising private equity houses on leveraged buy-outs, secondary transactions and on sales and IPO’s of portfolio companies
- advising on spin-out transactions and concurrent fund raisings by private equity management teams exiting from large financial institutions to form independent private equity houses
- advising fund investors on direct participations in large take-private bids for publicly listed companies
President Barack Obama’s has nominated Caplin & Drysdale’s Cono R. Namorato to the top spot in the U.S. Department of Justice’s Tax Division.
He would replace Tamara W. Ashford, who was confirmed to the U.S. Tax Court in November.
If confirmed, Mr. Namorato would be returning to the DOJ, where he has held numerous positions, including chief of the criminal section and deputy assistant attorney general in charge of criminal tax enforcement in the 1970s. As head of the DOJ tax division, Mr. Namorato would oversee more than 350 attorneys and the enforcement of the nation’s tax laws, including the government’s efforts to crack down on international tax evasion.
Mr. Namorato’s legal experience has been wide-ranging. He has represented corporations and individuals, including corporate executives and senior public officials, in potential or ongoing criminal tax investigations, sensitive civil IRS examinations, and complex voluntary disclosures. He has counseled companies, including Fortune 500 corporations and worldwide professional firms, in resolving sensitive legal and ethical problems and has directed complex internal investigations into financial frauds. Mr. Namorato has also assisted tax lawyers and accountants in tax, ethics, and compliance issues.
Mr. Namorato had been a Member of Caplin & Drysdale for 25 years previously, joining the firm in 1978 after ten years in the Tax Division of the U.S. Department of Justice, where he served as Chief of the Criminal Section and Deputy Assistant Attorney General in charge of criminal tax enforcement nationwide. During his most recent term at the IRS, Mr. Namorato supervised the Service’s increasing efforts toward achieving compliance nationwide among tax practitioners with newly enhanced standards of conduct. He also served as a Senior Advisor to the Commissioner of Internal Revenue on complex enforcement matters.
Mr. Namorato has held prominent positions in the American Bar Association’s Sections of Taxation and Litigation, and is a frequent speaker on matters relating to professional ethics, criminal tax, and other white collar criminal enforcement issues. He received his law degree from the Brooklyn Law School, after beginning his career at the IRS, where he served as a Special Agent in the Intelligence Division (now the Criminal Investigation Division).
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.
Ernst & Young LLP announced today that Cathleen M. Koch will join as a principal and will serve as the EY Americas Tax Policy Leader. Koch joins from the Office of Senate Democratic Leader Harry Reid, where she served as Chief Advisor on tax and economic policy.
In her new role, Koch will continue the development of the EY network of tax policy professionals across member firms in more than 30 countries in the Americas. The close coordination of these top tax policy professionals will help multinational clients stay informed and on the cutting edge of tax policy developments in the different countries in which they operate. Koch will also advise clients regarding US, Americas, and global tax policy matters.
“As we enter into a new phase of intensive action on tax reform, Cathy’s expertise and insight into the workings of Capitol Hill will be particularly valuable to our clients,” said Kate Barton, EY Americas Vice Chair of Tax Services. “The short window for US tax reform before the 2016 presidential election cycle, coupled with major tax changes in countries around the world, mean now is the time for companies to focus on how tax policy impacts their business.”
As Chief Advisor to the Office of the Senate Democratic Leader on tax and economic policy, Koch led all tax and economic policy initiatives in the 113th Congress from the Leader’s office and was central to strategy and communications on a broad spectrum of issues. She has been deeply involved in almost every Congressional tax and budget measure since January 2013, when she joined the Leader’s office.
Prior to joining Senator Reid’s office, she served as Tax Chief at the Senate Finance Committee, then led by Senator Max Baucus, where she led the Finance Committee’s tax team in developing the tax components of every bill during her tenure, including Troubled Asset Relief Program (TARP), the American Recovery and Reinvestment Act (ARRA), and the Affordable Care Act (ACA). Koch was also Senior Tax Policy Advisor and Staff Director of the Finance Subcommittee on Energy, Natural Resources and Infrastructure.
In the private sector, she has served as Director of Tax Policy and Senior Tax Advisor for General Electric and as Director of Global Government Affairs for Amgen.
Koch earned a PhD in economics from Georgetown University and a BA in economics, magna cum laude, from Millersville University of Pennsylvania.
Steptoe & Johnson has announce that Lisa Zarlenga is returning to the firm as co-chair of Steptoe’s Tax Group and a member of the firm’s Government Affairs & Public Policy Group. For the past three years, she has served as tax legislative counsel in the US Department of the Treasury’s Office of Tax Policy. Ms. Zarlenga will reside in the firm’s Washington office, where she was first elected partner in 2003.
As tax legislative counsel, Ms. Zarlenga advised Treasury’s assistant secretary for tax policy on a broad range of tax policy issues, including individual, corporate, partnership, tax-exempt organizations, financial products, estate & gift, income tax accounting, energy, excise taxes, and procedure and administration. She supervised a staff of 16 lawyers in preparing administrative guidance, including regulations, revenue rulings, revenue procedures, notices, and announcements to ensure that Treasury’s policies were incorporated into such guidance. She also oversaw the office’s development of the administration’s legislative proposals. In her role as tax legislative counsel, Ms. Zarlenga also gained extensive experience with Treasury’s implementation of the Affordable Care Act.
Ms. Zarlenga joined the Office of Tax Policy in April 2011 as deputy tax legislative counsel for regulatory affairs. In 2011, she was awarded the Treasury Special Act Award in recognition of her leadership and commitment to coordinating the 2011-2012 Priority Guidance Plan, which sets forth more than 300 guidance projects annually that the government intends to prioritize its time.
Prior to joining Treasury in 2011, Ms. Zarlenga practiced at Steptoe for 15 years, handling a wide range of corporate tax planning and tax controversy matters. She assisted clients in structuring tax-free and taxable acquisitions and dispositions, and spin-offs, including providing opinion letters and seeking advance rulings from the IRS, and assisted clients in restructuring financially troubled businesses. She also advised clients with respect to special rules governing consolidated groups. With regard to tax controversy matters, Ms. Zarlenga assisted clients during the audit process, prepared protests, participated in IRS appeals conferences, responded to requests for technical advice, and assisted with litigation matters in various federal courts.
An active member of the tax community, Ms. Zarlenga has held many leadership positions, including chair of the DC Bar Tax Section and vice chair of the Corporate Tax Committee of the ABA Tax Section. In addition, at Steptoe, she co-chaired the firm’s Professional Training Committee.
“We are delighted to welcome Lisa back to Steptoe,” said firm Chair Phil West. “Having worked closely with Lisa, I have seen first-hand what a great talent she is, making me especially pleased she is returning. While at Treasury, she broadened her substantive knowledge and developed greater practical insight into how tax policy issues are developed and resolved through administrative guidance and legislation. This experience will be of tremendous value to clients as the pressure grows for tax reform and when proposals arise to increase tax on multinationals.”
Ms. Zarlenga commented: “Serving at Treasury has been the greatest privilege of my professional life. But I am looking forward to returning to Steptoe, a firm that has been my professional home for my entire private practice career. I am also looking forward to working with Bob Rizzi in my new role as co-chair one of the most acclaimed tax practices in the world.”