Audit, tax and advisory service provider KPMG Luxembourg has announced the appointment of two new tax partners, David Capocci and Christophe Diricks. The appointments are part of an expansion in the size and capacity of its alternative investments team, which deals with private equity, real estate and hedge funds.
Team head, David, has 20 years’ experience in international tax advisory services, where he strives to develop pragmatic and efficient solutions for his clients. Partner Christophe provides tax and regulatory advice, particularly with helping alternative investment funds to comply with international tax standards. He is also experienced in advising and structuring international deals for alternative lenders (credit/debt funds) including loan origination and securitisation.
“The alternative investments sector is booming in Luxembourg, and this growth will only continue when the sector starts to fulfil its role financing infrastructure and other high profile projects as part of the Juncker plan,” said Head of Tax, Georges Bock.
“With David and Christophe on board, we will have an even stronger, more flexible tax team to support clients in this area. We can be more proactive, both in helping companies understand shifts in the tax environment, and in analysing how firms might need to adapt so as to cope, and thrive, in the new normal for tax.”
Alternative Investments is a new sector at KPMG that regroups real estate, private equity and other non-UCITS investment funds. David expressed his delight at taking up this role at this juncture.
“I’m thrilled to have the opportunity to join KPMG, especially in the midst of a Luxembourg that holds the key to becoming the alternative investments hub on the continent. Alternative asset managers are no strangers to increasing regulatory pressure as well as reporting and compliance obligations, and I look forward to helping alternative asset managers through these challenges,” he said.
Image: Centre-left: Christophe Diricks, centre-right: David Capocci. Photo by KPMG
