BDO LLP, an international accountancy and business advisory firm, has expanded its financial services group by hiring Steffan Adfeldt as new tax director.
Prior to joining BDO, Adfeldt worked with Barclays, where he managed all tax aspects of treasury matters at group level, including funding, hedging and prudential regulatory reform.
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Previously, he also worked within Barclays Investment Banking division (formerly Barclays Capital), advising on the tax aspects of investment banking transactions.
Prior to joining Barclays, he worked as a tax lawyer at Allen & Overy LLP and Baker & McKenzie LLP.
Angela Foyle, head of BDO Financial Services Tax, said: "The ever-increasing regulatory pressures on the financial services sector is resulting in an increased demand for specialist tax advice. As the industry evolves to address greater regulation, more complex competition and increasing customer expectations, clients want advice on anything from restructuring issues, to compliance with directives such as FATCA or AIFMD.
Steffan Adfeldt said: "The taxation regime faced by the Financial Services industry presents challenges for many businesses and I look forward to putting my skills and knowledge to good use in my new role."
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