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Ranjit Jaswal Joins Mazars As National Leader of Governance Risk & Compliance

Ranjit Jaswal

Ranjit Jaswal

New York-based Mazars USA (FY18 net revenue of $205 million) announced that Ranjit Jaswal has joined the firm as a principal and the new national leader of the governance, risk & compliance (GRC) practice.

Based in the New York office, Jaswal will serve as a member of the Mazars USA consulting leadership team as well as Mazars Group’s global GRC leadership team.

Mazars USA Chairman and CEO Victor Wahba says, “As the national and international regulatory environments continue to increase in complexity and our clients embark on a journey of transformation, we are ensuring that we can best address their needs by growing this important practice. Ranjit’s experience in building and leading GRC practices in multiple environments will be a valuable addition to our firm and for our clients.”

Jaswal, who has worked in London, Hong Kong and New York, has held roles of increasing responsibility within two Big 4 firms as well as global financial services organizations.

“There is an increasing rate of transformation, regulatory complexity, cost challenge and reliance on digital strategies by our clients,” Jaswal says. “This is of critical importance for both them and Mazars. I believe that my long-held commitment in building close relationships with clients to provide the right solutions is perfectly aligned with Mazars’ strategy.”

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Mazars USA Names Partner Brian Clouse as National Audit Service Line Leader

New York-based Mazars USA (FY18 net revenue of $205 million) has appointed executive board member and insurance practice Leader Brian Clouse to the new role of national audit service line leader.

“The firm has expanded its audit and attest services in response to demand, particularly from a growing number of international companies seeking to do business in the United States,” the firm announced. “The European Union (EU) Audit Reform Legislation and other regulatory changes globally and domestically have provided a unique opportunity for Mazars USA to expand its market share from businesses seeking this type of service.”

Mazars USA Chairman and CEO Victor Wahba says, “We are mindful that technology is altering the landscape of the audit profession and enabling innovation to drive an even faster pace of change. To capture the opportunities, we are proactively building a dynamic national and global platform to service our clients across our key sectors.”

Clouse notes, “As the firm continues to expand on its national expansion strategy, it made sense to unify the audit practice under a more central leadership to ensure we continuously adapt to needs of the market, and we continue providing top-quality service for our clients.”

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Mazars USA Announces Expansion of Executive Board, New OMPs

New York-based Mazars USA (FY18 net revenue of $205 million) has announced leadership changes in a number of positions as part of the firm’s national expansion.

As of Jan. 1, the firm expanded the executive board from five to seven members. One new member is partner and national consulting and advisory practice Leader Robert Kastenschmidt, who provides accounting and management consulting services to clients in a range of industries. Long Island OMP Craig Fine also joins the executive board. He delivers business advisory and financial management services to owner-operated businesses in the manufacturing, distribution and service industries.

In Chicago, Jeremy Rice is named OMP. Rice co-leads the Chicago audit practice and is a leader in the industrial and automotive sectors.

In New York, Robert DeMeola joins Mazars in the role of OMP. He previously spent 15 years in leadership positions at another firm and is charged with helping Mazars grow in the New York market. Partners Alan Wohl and Howard Leung also join in New York, in the private client services and real estate practices, respectively.

Mazars USA Chairman and CEO Victor Wahba says, “As the firm continues our national growth, we felt it was important to also increase the membership of the executive board. Our consulting practice is a significant component to our business and our future, so it was natural to bring Robert Kastenschmidt onto the board. Similarly, Craig Fine has an important role in our Long Island office’s growth and is a key member cultivating our food and beverage practice.”

Wahba adds, “We continue to grow our Chicago office and, with his track record of success for the firm, we feel that Jeremy Rice is an excellent choice to contribute in the upward trend.” He adds that DeMeola has substantial experience leading the New York office of another large national firm. “Along with his skilled colleagues, this provides us with a deep bench into the future in this important marketplace.”

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Mazars USA Admits Five New Partners

New York-based Mazars USA (FY18 net revenue of $205 million) has announced the admission of five new partners. All were previously senior managers.

“As we continue to expand across all markets that we serve, having strong partner candidates is critical for best serving our clients and ensuring our organizational vitality. This year’s group of new partners exemplifies the best qualities of our firm and will enhance our entrepreneurial spirit and standard of excellence,” says Victor Wahba, Mazars USA chairman and CEO.

The new partners are:

  • Jennifer Biundo, manufacturing and distribution, Edison, N.J.
  • Joe Caplan, entrepreneurial business services, Edison, N.J.
  • Don Crotty, tax, Woodbury, N.Y.
  • Marty Garland, financial services, Fort Washington, Penn.
  • Jonathan Somer, audit, New York

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Blyweiss and Coppinger Join Mazars USA Tax Practice

New York-based Mazars USA LLP (FY18 net revenue of $205 million) announced that Olga Blyweiss had joined the firm as a tax partner in the Pennsylvania office and Terence Coppinger as a tax partner in the Long Island, N.Y., office. The addition of the two partners is part of the ongoing expansion of the firm’s national tax practice.

Blyweiss has more than 20 years of experience providing tax compliance and consulting services to pass-through entities and closely-held family owned businesses and their Individual owners. Coppinger has nearly 25 years of experience advising clients in the areas of Global Tax Information Reporting and IRS practice and procedure.

“Changes in the tax code have created new complexities for many of our clients,” says Mazars USA national tax practice leader Tifphani White-King. “As such, we are continuing to grow our tax practice in all of our offices, ensuring that we have the right expertise to help both businesses and individuals flourish.”

Both were previously at Big 4 firms, where Blyweiss was a managing director in the business tax services practice and led the family office and private client services practice in Pennsylvania and Coppinger was a partner and leader of the information reporting and withholding practice within the alternative investment sector.

At Mazars, Blyweiss’ practice will focus on private client services, helping both business owners and high net worth individuals retain wealth across generations. Coppinger joins the tax financial services group, contributing to the growth of the tax practice.

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Mazars USA Names New OMP, Practice Leaders

New York-based Mazars USA (FY18 net revenue of $205 million) announced that partner Paula Ferreira will succeed Michael Coletti as the New Jersey OMP and Coletti will succeed Kathryn Byrne as the manufacturing and distribution practice leader. Both changes are effective Sept. 1.

Ferreira’s more than 20 years of experience encompass tax planning and business consulting services, augmented by her solid background in individual, corporate, partnership and LLC tax issues. In addition to her new role as the New Jersey office leader, she will continue to serve as the New Jersey entrepreneurial business services leader.

Coletti has approximately 20 years of experience providing advisory, audit, accounting and tax services, and specializes in delivering such services to domestic and international companies in industrials, food and beverage, and consumer products. He has extensive experience in advising clients on exit strategies, succession planning and restructuring. He is also experienced in relating to contractual arrangements, gross profit improvement analysis, costing and valuation of inventory, as well as debt and equity transactions.

Mazars USA also announced that partner Robert Kastenschmidt was named Mazars global consulting leader. He served previously as national consulting and advisory practice. He also serves as a member of both the global sectors and services team, as well as the global leadership team.

Kastenschmidt has over 20 years of experience providing accounting and management consulting services to clients in a range of industries, both in the U.S. and internationally. He has devised and implemented transformational business strategies while minimizing operational expenses, improving enterprise processes, and building talented teams across a variety of professional disciplines.

“As a firm, we consider consulting a critical growth area,” Kastenschmidt says. “Leading the expansion of this practice and being able to contribute to the success of both Mazars USA and Mazars Group is a real honor. Client complexity, needs and engagement size continue to increase, creating tremendous synergies between these two leadership roles.”

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Over 500 Mazars Employees Volunteer Across Six States for Fifth Annual “Days of Service”

New York-based Mazars USA (FY18 net revenue of $205 million) recently completed its fifth annual Days of Service initiative, in which more than 500 partners and employees volunteered at more than 30 community and non-profit programs.

Covering six states – New York, New Jersey, Maryland, Pennsylvania, California and Illinois – the Days of Service initiative is part of the firm’s “We ARE Mazars” program, which fosters employees’ personal growth, professional growth and giving back, the firm says.

Volunteer activities included:

  • Working with New York school children, including participating in a dance exploration workshop with PS 230K, exploring the wonderful world of science with students from PS 196K, building inventions using cardboard and other materials with students from PS/IS 366 M and celebrating fitness during PS 196K’s field day.
  • Working with Children’s Specialized Hospital, New Jersey Community Food Bank and West Lake School in New Jersey.
  • Helping at The National Greyhound Adoption Program in Pennsylvania.
  • Inspecting, sorting and packaging donations to be distributed to children by the Cradles to Crayons program.
  • Partnering with the Ronald McDonald House of Long Island to prepare a meal for the families staying there.

“Every year, our Days of Service demonstrates the dedication of our Mazars teams to helping others by supporting local charities and other organizations,” says chair and CEO Victor Wahba. “It’s a great privilege to be able to make a difference in the communities where we live and work, and I am grateful that so many of our team members take part in this program.”

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Mazars Announces Alliance with 4 Regional U.S. Firms and MNP in Canada

Mazars, the Rouen, France-based accounting firm, is expanding its presence in the U.S. through an alliance with five of the top 20 firms in the U.S. and Canada.

Mazars announced that the Mazars North America Alliance would include the following firms: Springfield, Mo.-based BKD (FY19 net revenue of $662.9 million), Seattle-based Moss Adams (FY18 net revenue of $691 million), Southfield, Mich.-based Plante Moran (FY18 net revenue of $542.1 million), Charlotte, N.C.-based Dixon Hughes Goodman (FY19 net revenue of $462.5 million) and Calgary, Alberta-based MNP, with net revenue of roughly $760 million.

Mazar’s CEO, in an interview with Reuters July 11, said the move will almost double its size as a way to challenge the market dominance of the Big 4. “Our ambition is to become a European champion with an international scope,” Mazars’s CEO Herve Helias told Reuters. “When they call me the fifth big, I like it.”

Mazars would not take any stake in the firms, but will expand services to its existing international clients through professionals from some of largest firms in North America. Mazars, with about 24,000 professionals worldwide, will increase that number to about 40,000 under the alliance.

According to the Financial Times, the alliance formation may be related to a belief that the U.K. will begin to require two auditors for the 350 largest companies as part of a reform effort following prominent audit failures among the Big 4. The Times says the firm is familiar with the joint-auditor system, as top companies in France has worked under the requirement for many years.

Mazars has also been in the news for another reason: The U.S. House of Representatives oversight committee has issued a subpoena to its U.S. branch, New York-based Mazars USA (FY18 net revenue of $205million), to obtain President Donald Trump’s tax records.

And on July 12, in a hearing in the U.S. Court of Appeals, Trump’s lawyer faced more than an hour of tough questions over his arguments that lawmakers don’t have the power to investigate the president. “President Donald Trump appeared to be facing an uphill battle to keep Congress from obtaining his financial records,” USA Today reported. The oversight committee’s attorneys have argued that it has broad and inherent power to investigate possible conflicts of interest.

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Mazars USA Key Leadership Changes

Tifphani White-King

New York-based Mazars USA LLP (FY17 net revenue of $189 million) has announced leadership changes.

In addition, the firm announces a 9% increase in its annual revenues for the fiscal year ended Aug. 31, 2018.

“Our firm is experiencing long-term, sustained growth, both organically and through acquisitions,” noted Mazars USA Chairman & CEO Victor Wahba. “With such growth, coupled with strong forces impacting our industry, transformation is a key focus of Mazars USA.  We are committed to continually assessing our business and making modifications consistent with our values, vision, goals and strategy. As part of this, we are ensuring that those leading our teams are innovative, inspiring, and elevate performance. The experience and enthusiasm that these individuals bring to the table are sure to contribute to many more years of success for our firm.”

Jim Welsh

Principal Tifphani White-King has been named the national tax practice Leader. White-King will work closely with the firm’s market sectors, advisory and geographic leaders to implement the firm’s tax services strategies, while strengthening collaboration with the Mazars global tax teams. Her expertise includes international tax structuring, transaction planning, mergers and acquisitions, tax provision, compliance reporting, and other related services.

Ethan Kahn

Partner Jim Welsh has taken on the role of OMP in the firm’s Fort Washington, Pa., office. Welsh’s prior leadership experience, track record of results and significant presence in the Philadelphia and surrounding markets makes him a natural fit for the role. He has more than 35 years of experience providing auditing and advisory services to public companies, privately held businesses and not for profit organizations. His clients range across many industries, including manufacturing, freight and logistics, professional services, real estate, healthcare and higher education.

Partner Ron Lagnado will be the New York OMP for the audit and accounting practice. Lagnado has been with the firm for 15 years and has more than 25 years of experience delivering audit and accounting services to real estate companies.

Ethan Kahn became the leader of the firm’s not-for-profit practice. Kahn takes over as head of the practice with the mission of continuing to provide support to Mazars USA’s nonprofit clients in a time of regulatory and industry changes. Kahn has more than 20 years of experience delivering audit, accounting and consulting services to a range of clients, particularly in the government-funded, not for profit sector and charitable organizations.

New Partner Karl Seemer Joins Mazars

Karl Seemer

New York-based Mazars USA LLP (FY17 net revenue of $189 million) announced that Karl Seemer has joined the firm as a partner in the New York real estate practice.

Seemer will provide focused tax advisory and compliance experience, continuing the firm’s growth in the real estate industry.

Shahab Moreh

“The significant changes to the tax regime have particularly impacted the real estate sector and Karl’s expertise in taxation will be of significant value to our clients as we continue to grow our real estate practice,” says Shahab Moreh, partner and real estate practice leader.

Seemer has over 15 years of experience in the field of taxation and law. His background includes tax compliance and tax consulting for partnership clients with a real estate focus. His  expertise includes partnership allocations, capital account and basis calculations, REIT and partnership structuring, contracts, leases and other consultations. In addition to real estate, he has a deep background serving clients in financial and professional services, manufacturing, technology and renewable energy. He also has experience with high-net-worth individuals, trusts and foreign reporting.

“This is a time of volatility in real estate,” Seemer says. “I look forward to leveraging the global resources of Mazars to continue delivering exceptional service to my clients and help them overcome their challenges.”