| Deloitte UK partner named global head of tax |
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| Thursday, 15 November 2007 | |
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Business advisory firm Deloitte has named Ellie Patsalos, a senior partner in its UK firm, as its global head of tax for the financial services industry.
Patsalos, a tax partner in the firm’s Global Employer Solutions group, is the first woman to be appointed to Deloitte’s global tax executive and has also recently been named as a vice chairperson of the UK firm. She heads up the UK financial services tax team and has over 25 years experience specialising in international compensation and tax consulting for senior executives at major financial services organisations. She has been tasked with making Deloitte the market leading firm for tax expertise in financial services matters. Alberto Terol, global head of tax at Deloitte, commented, “We have a clear ambition to make Deloitte the number one tax adviser to financial institutions. Our global financial services tax practice is already a US$1 billion business, growing 30 per cent year on year. Under Ellie’s leadership we are confident of further growth and success. We will hire experienced talent at all levels to ensure we offer our clients a tax service second to none.” Deloitte has been growing its financial services tax expertise worldwide with a series of significant industry hires in key countries and markets, including high profile tax partner hires in the UK. Andy Todd was director of tax for Aviva’s life business, David Clissitt was head of tax and treasury at Lloyd’s of London, and Cathy Lynch previously ran group taxation at AXA UK plc. Patsalos said, “We recognise the importance of financial services to the global economy, while also seeing what an integral part tax plays in many of the challenges, issues and opportunities facing the industry. By adding experienced industry specialists to our already considerable in-house expertise, Deloitte is well placed to help financial institutions navigate the many tax challenges and regulations.” “Issues such as compliance, off shoring, finance transformation and research and development, to name but a few, all have major tax implications for financial institutions. The organisations that manage tax most effectively stand to gain considerable competitive advantage and with our dedicated financial services practices in more than 40 countries we believe that we are the best placed firm to help them,” she added. Related links |
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