KPMG looks to boost tax support for clients by upping its alternative investments game
KPMG in Luxembourg has today announced that it is looking to boost support for clients in its tax practice by increasing the size, and capacity, of its Alternative Investments team, which deals with Private Equity, Real Estate and Hedge Funds.
from left to right: Georges Bock (Head of Tax), Christophe Diricks (Partner), David Capocci (Head of Alternative Investments) and Frauke Oddone (Head of Markets).
The firm has announced two prominent new hires – experienced Tax Partners David Capocci and Christophe Diricks.
Head of Tax, Georges Bock, commented on David and Christophe’s appointments:
“The alternative investments sector is booming in Luxembourg, and this growth will only continue when the sector starts to fulfil its role financing infrastructure and other high profile projects as part of the Juncker plan. With David and Christophe on board, we will have an even stronger, more flexible tax team to support clients in this area. We can be more proactive, both in helping companies understand shifts in the tax environment, and in analysing how firms might need to adapt so as to cope, and thrive, in the new normal for tax.”
David and Christophe joined the firm on 1 February. David shared his excitement for the role:
“I’m thrilled to have the opportunity to join KPMG, especially in the midst of a Luxembourg that holds the key to becoming the alternative investments hub on the continent. Alternative asset managers are no strangers to increasing regulatory pressure as well as reporting and compliance obligations, and I look forward to helping alternative asset managers through these challenges. KPMG has developed leading-edge technology and processes, and this combined with our industry knowledge means that we are well-placed to offer a meaningful and effective spectrum of services—and to be the clear choice for our clients.”
Christophe was also keen to share his enthusiasm:
“As the business environment becomes only more regulated and more complex, navigating forward involves a constant shifting and resettling of tax strategies. An exciting part of my job will be to assist companies and organisations with implementing new operating models that can help see that their tax positions chime with reporting obligations—naturally, big data and other technologies will play a key role in this. Collaboration with our Audit and Advisory practices will help me offer a well-rounded gallery of solutions as well.”
Alternative Investments is a new sector at KPMG that regroups Real Estate, Private Equity and other non-UCITS investment funds. KPMG in Luxembourg has appointed David Capocci as Head of this new sector. Head of Markets, Frauke Oddone, commented:
“David is a well-known figure on the investment management scene in Luxembourg. He is well-versed in a range of alternative investments thanks to a wealth of experience gained at firms including Andersen and Deloitte. The alternative investments space continues to grow in the Grand Duchy – and to grow in complexity. We are delighted to have David join our team to help clients deal with this complexity.”