As investment managers face an increasingly complex world with new regulatory requirements and an urgency to streamline business processes and increase transparency, KPMG, the audit, tax and advisory firm, announced today that it is continuing its investment in its Alternative Investment Funds practice by bringing on board several new partners and managing directors to bolster the firm’s initiative into the growing sector.
“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.
Globalization, as well as evolving regulations in the U.S., Asia and Europe, is presenting significant challenges for alternative investment funds as they face a slew of new reporting requirements and disclosure rules called for under such regulations as the Foreign Account Tax Compliance Act (FATCA) and Form PF.
“I am very pleased that we have been able to attract world class talent at the partner and managing director levels, as well as all the way down through the ranks,” said Chuck Walker, national partner in charge, Alternative Investments - Tax. “We believe the real key to providing our clients with quality advice and support is by offering a superior service model that’s integrated, combines technology with top-flight talent and is consistent across all of the major markets,” he added.