Tapping into A&M Tax’s cross-border talents, Mr Steiness will build the firm’s transfer pricing capabilities in London and Amsterdam to bring a full-service tax offering to its financial services clients.

London, 4 July 2023 – Alvarez & Marsal Tax LLP (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), has bolstered its financial services transfer pricing (TP) expertise in key European markets with the appointment of Rasmus Steiness as a Senior Director, effective immediately. He will work with Managing Director Richard Syratt in London to help international clients solve increasingly complex transfer pricing issues.

Mr Steiness brings more than 16 years of experience supporting banking, capital market, and fintech clients. He specialises in the alignment of tax and operating models, IP, and financial transactions.

Prior to joining A&M, Mr Steiness spent several years building and leading Deloitte’s financial services transfer pricing practice in Amsterdam before moving to Deloitte London. He previously specialised in transfer pricing at EY in Australia and PWC in Denmark. Before that he worked for Danish technology and engineering company FLSmidth. Mr Steiness holds a master’s degree in accounting, strategy and control from Copenhagen Business School.

Mr Steiness commented: “At a time of growing challenges and complexities for our clients, we see tax teams being involved much earlier in key strategic decisions. This adds to the requirements for tax teams to work practically with the business while managing key risks. Examples of some of the challenges clients are dealing with are remote-working patterns; skilled labour shortages are forcing companies to change hiring strategies placing more staff in different jurisdictions; banks are under pressure on margins and are changing their booking and operating models to drive capital efficiencies; and inflation and interest rates are affecting transfer pricing models and financing structures – all while the market adjusts to the requirements recommended by the OECD. This is a chance for us to rethink professional services and the support we offer to clients. Joining such an ambitious group of professionals at A&M who enjoy what they do, I particularly look forward to fostering local relationships, creating a cross-border, collaborative team between London and Amsterdam, and working hard to further strengthen our TP practice.”

Marvin Rust, Managing Director and European Tax Practice Leader at A&M Tax UK, said: “A&M Tax is in an exciting growth phase. Drawing on his international background and experience, Rasmus brings the technically sound insights and practical advice clients need to compete in an ever-evolving European market.”

Ernie Perez, Managing Director and Global Practice Leader of A&M Tax, added: "We are pleased to welcome Rasmus to the team. The A&M Tax practice is already adding significant value to our client across the European market, and his ability to expand our transfer pricing tax offering will further enhance what we are accomplishing, solidifying our position as trusted tax and business advisors in the market." 

ENDS

About Alvarez & Marsal

Companies, investors, and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action, and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.

With over 7,500 people providing services across six continents, we deliver tangible results for corporates, boards, creditors, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams, leverage A&M’s restructuring heritage to help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators, and industry authorities with a shared commitment to telling clients what’s really needed for turning change into a strategic business asset, managing risk, and unlocking value at every stage of growth.

To learn more, visit: AlvarezandMarsal.com. Follow A&M on LinkedIn, Twitter, and Facebook.

About Alvarez & Marsal Tax

Alvarez & Marsal Tax LLP, an affiliate of Alvarez & Marsal (A&M), is an independent tax group made up of experienced tax professionals dedicated to providing customised tax advice to clients and investors across a broad range of industries. Its professionals extend A&M’s commitment to offering clients a choice in advisers who are free from audit-based conflicts of interest and bring an unyielding commitment to delivering responsive client service. A&M Tax has offices in major metropolitan markets throughout the US and serves the UK from its base in London.

Alvarez & Marsal Tax is a founder of Taxand, the world’s largest independent tax organisation, which provides high-quality, integrated tax advice worldwide. Taxand professionals, including almost 550 partners and more than 2,500 advisers in 50 countries, grasp both the fine points of tax and the broader strategic implications, helping you mitigate risk, manage your tax burden and drive the performance of your business.

To learn more, visit: AlvarezandMarsal.com or Taxand.com
 

CONTACT:       Sandra Sokoloff, Alvarez & Marsal
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