Grant Thornton Launches Latin America Business Group

As part of Grant Thornton’s focus on leveraging its strategic capabilities in high-growth emerging markets, the firm has established a Latin America Business Group (LABG), a joint initiative between the U.S. firm and a number of Grant Thornton’s Latin America member firms.

This unique, collaborative approach will offer clients seamless, integrated global support for complex business activities in some of the world’s fastest-growing economies, the firm announced.

Not only will the LABG offer services to U.S.-based clients with, or planning, activities and operations in Latin American countries, but will ultimately also have a future focus on growing Latin American-based companies with investment into the United States. These services include direct and indirect tax, transfer pricing, cross-border transactions, specialty advisory and attestation, among others.

Partner Joseph Loretto, who spent two years in Brazil and is currently based in Houston, will lead the LABG as part of his current leadership role as director with Grant Thornton’s International Business Center (IBC) for the Americas and U.S. Central region.

Managers from Grant Thornton’s Mexican member firm, Salles Sainz Grant Thornton, will also join the LABG team in the United States to focus on issues related to cross-border business with Mexico.

“The formation of the LABG reinforces the firm’s commitment to the region as well as our strategy of providing truly integrated global solutions to clients with activities and operations in high-growth economies,” says Jason Ramey, national MP of International Client Services.

According to a recent Grant Thornton International Business Report, the Pacific economies in Latin America have made great strides toward embracing globalization. Mexico alone has 11 free trade agreements covering 43 economies. Brazil also has the prospect of the 2016 Olympics in Rio, which should provide opportunities for tourism, transport and construction businesses across the region.

To support the growth of the LABG, Karina Roiuk has joined Grant Thornton as an international tax senior manager, based in the firm’s New York office. Roiuk has nearly 20 years of experience providing services to clients doing business in Brazil and Latin America. Most recently, Roiuk led the Brazil desk at Deloitte LLP in New York as a tax senior manager.