BDO has announced the hire of Ali Bolbol as a partner in the firm’s Sydney office.
Mr Bolbol was a former director at Deloitte, and had stints at KPMG, EY and Arthur Andersen for over 17 years.
BDO Sydney office managing partner Grant Saxon confirmed that the appointment was driven by increasing activity in the financial services sector and client demand for tax advisory services.
“What we’ve found in the last couple of years is that whilst there’s growth in advisory and consultancy, there remains a genuine appetite for BDO’s traditional offerings of audit and tax,” Mr Saxon said.
“There are some challenges in the domestic market and our clients are having to innovate if they are to succeed and navigate through the various financial services regulations and tax mazes. I’m delighted that Ali will be part of our growing team.”
Neil Billyard, partner in charge of BDO’s tax team in Sydney, said that Mr Bolbol’s experience relating to income tax, international tax (inbound and outbound) and capital gains tax, including significant experience in the financial services industry — general and life insurance, securitisation, broking, funds management and mutuals — meant he would be a notable addition to the firm.
“Ali has knowledge and experience across a wide range of tax issues with significant expertise in financial services, which makes him a valuable addition to our team,” Mr Billyard said.
“His experience in providing advice to domestic and multinational corporate groups on a variety of tax issues and complex business transactions, including acquisitions, divestments, capital management, tax risk management, cross-border transactions and financing will allow us to remain at the forefront of emerging developments in tax.
“He has broad tax advisory skills and has assisted clients with mergers, acquisitions and divestments, internal reorganisations, IPOs, demutualisations and design of products.”