KPMG in the Channel Islands has strengthened its US tax capabilities with the appointment of Henry Streather as senior manager.
The firm has provided US tax reporting services to investment fund clients in the Channel Islands for many years.
Tony Mancini, who leads the investment funds tax services team at KPMG in the Channel Islands, said: “Henry’s experience married perfectly with KPMG’s expanding US tax reporting function and he has strengthened the firm’s expertise in US tax compliance for hedge funds and private equity structures.”
Mr Streather is a chartered accountant with ten years’ tax experience. He has spent the last five years working in the Cayman Islands office of a ‘big 4’ firm where he specialised in providing US tax compliance and advisory services to hedge fund clients. He has particular knowledge of US partnership tax filing requirements (Schedule K-1 and tax return reporting) as they relate to hedge funds and private equity structures. He also has experience with PFIC analysis and reporting. Mr Streather’s Cayman client base included fund of funds, various high profile trading hedge funds and private equity groups.
After graduating with a first class honours degree in mathematics from the University of East Anglia, Mr Streather trained as a chartered accountant in a corporate tax group in Cambridge and also qualified as an Internal Revenue Service (IRS) Enrolled Agent.
Prior to relocating to Cayman Mr Streather provided corporate tax advice to a variety of small and medium sized enterprises including many hi-tech R&D venture capital backed clients.
Mr Mancini said: “Henry brings a wealth of experience with him to KPMG.
“We are seeing an increasing demand from our clients for US tax compliance services. Henry’s expertise in this area will further strengthen the team at KPMG in the Channel Islands and will, no doubt, be welcomed by our clients.”