KPMG poaches Hellman tax advisor

PE Manager tracks third party service providers: Private equity firm Hellman and Friedman has lost a tax director to KPMG while Kinetic Partners and Ogier expand in Luxembourg.

• KPMG has bolstered its alternative investment funds practice by adding two tax directors to its Los Angeles and New York offices. Nancy Chan, formerly a tax director for Hellman and Friedman, joins the Los Angeles office. Nader Karimi, who joins the New York office, was previously a global tax manager at HSBC Security Services.

• Kinetic Partners has become authorized as a management company in Luxembourg, allowing the group to supervise third party private equity funds for risk oversight, corporate governance and compliance of fund structures in accordance with Luxembourg laws.

• Also heading to Luxembourg is service provider Ogier, who has opened an office for its fiduciary services offering. The new office allows Ogier to offer fund administration and accounting services to clients. It is not the group’s first foray into Luxembourg, as last year it opened up an office in the country for its legal practice.

• Corgentum Consulting, an operational due diligence provider, will now conduct background investigations on portfolio companies. The group will look into reputational risks across five core areas, including criminal checks, litigation searches, regulatory inquiries, factual information and media searches. 

 IMS Group, the regulatory and compliance consultants, has announced the opening of its first Asian office in Hong Kong.  

• Software provider Drooms has launched a virtual data room, which enables documentation to be centrally stored and managed for reporting to regulators, investors and stakeholders in accordance with the EU Alternative Investment Fund Managers (AIFM) directive.

• Fund administrators Langham Hall is launching an alternative investment fund depositary service to support private equity and real estate clients whose funds are captured by the AIFM.