Accountancy and business advisory firm BDO has appointed Steffan Adfeldt as a tax director to further strengthen the firm’s growing financial services group.
Adfeldt brings a wealth of experience working as a tax lawyer and adviser in the financial services industry.
He joins BDO from Barclays, where he oversaw all tax aspects of treasury matters at group level, including funding, hedging and prudential regulatory reform. Prior to this he worked within Barclays Investment Banking division (formerly Barclays Capital), advising on the tax aspects of investment banking transactions, and also previously as a tax lawyer at Allen & Overy and Baker & McKenzie.
Angela Foyle, head of BDO financial services tax, says: “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’s skills and knowledge in this complex arena are a welcome addition to our team of financial services tax experts, and to the wider practice.”
Adfeldt says: “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. BDO is a fantastic brand and I am excited to join its excellent financial services team. The practice is growing and I am excited about the opportunities this brings, particularly in relation to the firm’s core driver of delivering exceptional client service to the industry.”