CFC builds specialist M&A tax team with Big Four accounting firm hires
CFC has formed a specialised team targeting tax-related risks in M&A transactions by bringing on board two US tax lawyers and underwriters from a ‘Big Four’ accounting firm.
The team will be led by Alejandra Hernandez Irizarry (pictured left), who is based in London, and Courtney Alonzo (pictured right), based in New York.
Hernandez joined CFC from international accounting firm KPMG, where she worked as a US international tax consultant primarily advising alternative investment clients on cross-border transactions.
Alonzo, also joining CFC from KPMG US, previously worked as a US international tax consultant advising asset management clients on cross-border matters, including reorganisations and fund structuring, investment and business activity review, global footprint and treaty qualifications.
CFC said the dedicated team till focus on underwriting tax risks as part of its rapidly growing transaction liability practice, including renewable energy tax credits, tax treaty risks, stamp duty risks, restructuring and reorganization risks, EU Parent-Subsidiary Directive risks, tax residency issues, US inversion risks, US successor or transferee liability risks and demerger tax risks, among other areas relating to corporate transactions.
“In today’s complex business landscape, mitigating tax-related risks in transactions is more crucial than ever. So much so, that 2023 has proven to be a record year for tax insurance,” said Angus Marshall, head of transaction liability at CFC.
“Our dedicated tax team will redefine the industry by combining a pragmatic and commercial approach to evaluating and underwriting tax risks, whilst looking to leverage our market leading tech platform to deliver scalable tax insurance solutions to our broker partners and clients.”
Marshall added: “The creation of our own dedicated tax underwriting team further demonstrates our commitment to driving innovation and excellence in the transaction liability insurance space. It means that our clients can benefit from a truly holistic approach to transaction liability risks, accessing a full suite of products from our team of experts.”
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