E&Y poaches Deloitte duo for tax practice

Ernst & Young has named Julie Canty and Carlos Schmidt as partners in the professional services firm’s asset management tax practice.

Both hires, who will sit in E&Y’s New York office, were previously with “big four” accountancy rival Deloitte. 

Canty was formerly with Deloitte’s hedge fund unit where she focused on tax advisory, compliance and structuring fund clients. Schmidt was with the passthroughs group of Deloitte’s national tax office. He specialised in partnership tax matters with a focus on the formation and operation of hedge and private equity funds.

E&Y has been significantly building up its tax unit as of late. In March the firm added four tax professionals to its West Coast tax practice: Michael Doolan from Macquarie Bank, Mark Gutierrez and Eric Wauthy from Deloitte and Paul Kang from Rothstein Kass. 

Neither spokespersons for E&Y or Deloitte were available for immediate comment.