KPMG strengthens alternative investment funds unit

KPMG has appointed a number of partners and managing directors to its Alternative investment funds unit, to strengthen the practice as investment managers face an increasingly complex world with new regulatory requirements.

Laura Thompson joined KPMG as managing director, Ted Carreiro, Angela Yu and Michale T. Richards were appointed partners and Phillip W. DeSalvo joined as senior manager.

According to the company, globalization, as well as evolving regulations in the US, Asia and Europe, is presenting significant challenges for alternative investment funds as they face a new reporting requirements and disclosure rules under the Foreign Account Tax Compliance Act (FATCA) and Form PF.

“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,” said Al Fichera, national partner in charge, Alternative investments – Audit.

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