Tom McFarlane joins Hogan Lovells to lead EMEA Transfer Pricing
Hogan Lovells has hired Tom McFarlane as Head of Transfer Pricing (EMEA) for the firm’s growing Transfer Pricing practice led by Fabrizio Lolliri. He joins from Alvarez & Marsal (A&M) where he was a partner and led the Transfer Pricing and Tax Efficient Supply Chain Management practice in London. Prior to joining A&M, Tom spent six years with KPMG and was one of the founders of its Tax Efficient Supply Chain Management practice.
Tom brings 16 years of experience in implementing new and efficient operating models for multinationals around the globe. He has worked with clients across a range of industries, including consumer products, industrial products, retail, mining, pharmaceuticals, automotive and oil and gas. Tom supports clients that are expanding and adapting their current supply chain models to meet the demands of the new economy. This includes support with respect to expansion into new geographical markets, and new channels to market (such as online business).
Tom also works closely with his clients to ensure compliance with the anti-Base Erosion and Profit Shifting (BEPS) rules recently adopted by the OECD, as well as assisting clients with numerous Advance Pricing Agreements (APA) and Mutual Agreement Procedure (MAP) claims.
Commenting on Tom’s arrival, Karen Hughes, Partner and Practice Area Co Leader – Tax, said:
“We have an ambitious and truly international long-term vision for the TP practice. Over the past year, we have seen significant growth in the practice and client demand is expected to continue to grow. A further top-level appointment to the TP practice is the first step in growing the practice out from our London base. With Tom being present in London to develop the European business even further, it will enable us to concentrate on growing TP and supply chain work outside of Europe, especially in the Americas.”
Fabrizio Lolliri, Global Head of Transfer Pricing, said:
“There are few senior level experts with real supply-chain experience in the market and who have hands-on experience in supporting clients through change. Tom has the depth of supply-chain experience to compete with the big four accountancy firms for complex restructuring and reorganisation projects whilst maintaining his transfer pricing generalist role to operate successfully at the high end of TP work. Tom’s arrival is very exciting and will help our practice move to the next level in terms of our TP and supply chain services, offering clients 360 hands-on expertise and support through change.”
Tom’s arrival comes off the back of the appointment of Elliot Weston who joined the London office as a tax partner from Gowling WLG and is a further addition to Hogan Lovells expanding TP and supply chain team with Graham Poole (previously HMRC’s senior economist and TP expert) and Lisette Lach-Reichle (a TP and supply chain specialist) recently joining the firm too.