Alvarez & Marsal Taxand loses FS Tax Partner to Grant Thornton

 In Grant Thornton

Grant Thornton has hired Layne Albert as a partner in the firm’s Tax practice, based in New York.

Layne has more than 25 years of experience in the financial services industry. He specializes in identifying, understanding and managing federal and state tax issues related to complex business transactions, including mergers, acquisitions, dispositions, financings, recapitalizations, securitizations, reorganizations and bankruptcies. He has extensive experience advising boards of directors and working closely with chief executive officers, chief financial officers, asset managers, banks, private equity investors, hedge funds, Internal Revenue Service staff and investment bankers.

“Layne brings to Grant Thornton extensive knowledge and experience delivering federal and state tax service offerings within the financial services industry,” said Frank Kurre, Grant Thornton’s Metro New York and New England managing partner. “He will be integral in continuing to expand our financial services tax capabilities throughout Metro New York and New England.”

 Most recently, Albert was a managing director at Alvarez & Marsal Taxand LLC. There, he advised clients on the federal income tax ramifications of complex business transactions and tax department design and operations, including the creation and management of tax departments through adversity, assistance with Accounting Standards Codification (ASC) 740 accounting matters, including restatements and remediation, and Sarbanes-Oxley compliance. He was also responsible for developing their federal Tax practice in New York, which concentrated in the financial services, energy, manufacturing, engineering, procurement and construction industries. Previously, he was the vice president of Tax at Dynegy Inc. and Encompass Services Corporation.

Albert is a certified public accountant in Texas and a member of the Texas Bar Association. He received a juris doctor degree from South Texas College of Law, a master’s of laws degree in taxation from the University of Houston and a bachelor’s degree in business administration with a concentration in accounting from the University of Texas.

To view tax opportunities with Grant Thornton in the UK, please click here

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