Ernst & Young: Asset Management Tax Practice To Expand

By Rob Starr, Content Manager, Big4.com

The sixth and seventh new senior professionals to join the expanding Asset Management Tax practice in the US this year to provide clients with insights and perspective on issues relating to tax, regulation and compliance for the asset management industry have been named.  Julie Canty and Carlos A. Schmidt have been appointed.

Canty was formerly with Deloitte Tax LLP’s New York hedge fund group, where she focused on tax advisory, compliance and structuring fund clients. Prior to her association with Deloitte, Canty was a principal with Eastpointe Management LLC, a spinoff of Continuation Investments Group, Inc., where she was the fund controller.

Schmidt was with the Passthroughs group of the National Tax Office of Deloitte Tax LLP. He specialized in partnership tax matters with a specific focus on the formation and operation of hedge and private equity funds. Prior to joining Deloitte Tax LLP, Schmidt was Director of Tax for Highbridge Capital Management, LLC, a leading alternative asset management firm, with assets under management of over $20 billion. There he helped structure a number of credit and equity funds and oversaw cross-border investment tax planning. Schmidt was also responsible for all fund tax reporting and all financial statement matters pertaining to ASC 740.

In addition, Schmidt is a former sell-side research analyst at Goldman Sachs, where he was a member of Global Investment Research covering the lodging sector. He is a guest lecturer at the Practicing Law Institute, the Georgetown University Law Center and the Wharton School of Business, as well.