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SOURCE Ernst & Young LLP
NEW YORK, March 19, 2013 /PRNewswire/ -- Ernst & Young LLP announced today that Stan Hales and Andy Martyn have joined the firm's Financial Services Office (FSO) Transfer Pricing practice. Hales and Martyn join the expanding Ernst & Young network's FSO groups to provide clients with services relating to transfer pricing, controversy and tax-related valuation issues in the financial services industry.
"Stan and Andy bring deep practical knowledge and experience that, when added to our existing team, greatly enhance US, UK and global capacity in transfer pricing," said Kurt Neidhardt, managing partner of the Financial Services Tax Practice, Ernst & Young LLP.
Hales joins Ernst & Young LLP from PricewaterhouseCoopers, where he led financial services transfer pricing on the West Coast of the US. Martyn joins Ernst & Young LLP from Deloitte where he co-led its Global Financial Services Transfer Pricing practice.
"Stan and Andy give Ernst & Young the type of experience we strive for, as well as providing additional direction and coordination for the global organization's Financial Services Transfer Pricing practices," said Thomas Borstell, the leader of Ernst & Young LLP's Transfer Pricing practice.
Hales taught transfer pricing courses for the master's in tax program at Golden Gate University as well as economics, statistics and finance at The Ohio State University. He was a doctoral fellow at the Rheinische Friedrich-Wilhelms-Universitat Bonn and earned his master's degree and PhD in Economics from The Ohio State University with a primary focus on the valuation of foreign currency futures options.
In addition to his experience with Deloitte, Martyn led the International Financial Services Group at HM Revenue & Customs, where he concluded some of the most significant transfer pricing settlements and produced the rewritten permanent establishment investment manager exemption tax rules governing offshore funds with UK investment managers.
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Nearly 35,000 Ernst & Young financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our asset management, banking, capital markets and insurance clients. In the Americas, Ernst & Young is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Office today includes more than 4,000 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.
Ernst & Young professionals in our financial services practices worldwide align with key global industry groups, including Ernst & Young's Global Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners span many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients. With a global presence and industry-focused advice, Ernst & Young's financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology, to financial services companies worldwide.
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