KPMG has further strengthened its UK Transfer Pricing team with the appointment of Steve Labrum, former Global Head of Transfer Pricing at Alvarez and Marsal, as a financial services transfer pricing partner in the firm’s Canary Wharf office in London.
Steve Labrum has over 15 years of transfer pricing experience, spread across a range of industries but with a particular focus on financial services. Prior to becoming Global Head of Transfer Pricing at Alvarez and Marsal in 2012, he was a transfer pricing partner with EY. He was one of four founding members of EY’s UK transfer pricing practice and subsequently became UK, EMEIA and Global Head of Financial Services Transfer Pricing, developing a UK team of 35, and over 100 globally. He has also held senior roles at Deloitte and PwC and within investment banking.
KPMG’s UK transfer pricing practice comprises 85 people, 5 of whom are partners. Of these, approximately 25 are dedicated to financial services clients. Of particular importance in the current environment, particularly in the financial sector, is the highly integrated global team of financial services transfer pricing specialists who work together effectively to provide global insights and integrated services.
KPMG UK Head of Tax and Pensions, Jane McCormick, commented: “Steve’s extensive experience and very strong industry knowledge adds further to the depth and breadth of the technical advice we are able to offer to our clients in transfer pricing, and in particular, in the financial services sector. Transfer pricing is notoriously complex, an area under increasing scrutiny and also one which is experiencing rapid change. All of these factors mean that it is an area where our clients are increasingly seeking advice.”
Steve Labrum, Financial Services Transfer Pricing Partner at KPMG in the UK, said: “Transfer Pricing is going through a particularly rapid period of evolution at the moment with an enormous amount of change coming through from global initiatives such as the OECD’s ‘Base Erosion and Profit Shifting’ project and further scrutiny and rule changes from individual fiscal authorities. I am delighted to be joining the KPMG team to help clients address these challenging tasks, and to assist them in effectively implementing the required actions.”
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For further information please contact:
Margot Cowhig, KPMG Corporate Communications
T: 0207 694 4246
M: 07920 274856
KPMG Press Office: 0207 694 8773
Notes to editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.