KPMG, the audit, tax and advisory firm, is continuing its investment in its alternative investment funds practice by bringing on board several new partners and managing directors.
“KPMG is committed to becoming the market leader in serving the alternative investments industry and our latest additions to the team demonstrate our goal to have the broadest set of skills and in-depth knowledge of the most important regulatory and business issues facing the industry,” says Al Fichera, national partner in charge, alternative investments - audit.
The new hires and transferees include:
Ted Carreiro, partner
Carreiro joined KPMG in June 2012 as a federal tax partner within the alternative investment funds practice in Boston. He has more than 18 years of investment management industry experience, including five years of fund accounting experience and over thirteen years of tax experience. Most recently, Carreiro has also been focused on providing support to AIF clients assisting them in preparing for and becoming compliant with the Foreign Account Tax Compliance Act. As a former managing director at State Street Bank and Trust’s AIF group, he has served many of the top hedge fund and private equity fund clients in the industry.
Laura Thompson, managing director
Thompson joined KPMG as a managing director in the international tax practice. Based in Boston, she focuses on the financial services industry, with an emphasis on asset management and fund families in the Boston and New York areas. Thompson has close to 20 years of experience advising investment funds and asset managers on international tax issues such as tax efficient fund structuring, the taxation of cross-border investments, permanent establishment/trade or business planning, and withholding tax and information reporting matters. Thompson joined KPMG from Bain Capital, where she was vice president of the general partner group.
Angela Yu, partner
Yu joined KPMG as a partner for its US real estate tax practice in the New York office. Prior to her current role, she was an international tax partner with KPMG’s Washington national tax practice and Vancouver US tax planning practice. Yu also served as a member of the US Congressional staff of the Joint Committee on Taxation.
Michael T. Richards, partner
Richards has more than 22 years of professional finance and mergers and acquisition experience and recently joined KPMG as a partner to lead KPMG’s transaction services practice on the west coast, focused on private equity clients. Prior to coming to KPMG, Richards was a partner in the mergers and acquisitions practice of another Big 4 firm where he provided M&A advisory services to that firm’s largest private equity clients, served as a professional practice director, and led the West Coast consumer business industry group for M&A.
Phillip W. DeSalvo, senior manager
DeSalvo, a senior manager for tax, has experience working with leading private equity investment firms and their portfolio companies in connection with all aspects of transaction investigation, structuring, execution, post-closing integration and other matters. Prior to joining KPMG, DeSalvo was an M&A tax manager based in San Francisco at another international public accounting firm specialising in private equity transactions.