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The market for transfer pricing professionals with FS experience in Europe remains buoyant
London, 11th July 2011
The global economic crisis forced financial institutions to adjust their operations and strategies in order to reduce cost. Transfer pricing specialists must manage the development of complex transfer pricing policy design as well as handle the compliance and associated planning. Financing strategies and important regulatory changes have drawn the attention of financial institutions in Europe to transfer pricing and it is regarded as one of the key “at risk” areas for a financial institution. The OECD, with its 34 member states, continues to improve and update it transfer pricing guidelines. Additionally, fiscal authorities are taking a more aggressive approach in order to protect their revenue base; consequently controversy is becoming more and more commonplace. All of this makes the transfer pricing professional a more valuable asset for financial institutions and firms of professional advisors.
Focusing on the financial services sector Maven Partners has witnessed a significant increase in the demand for transfer pricing in Europe in 2011. The market for TP services in financial services centres such as London has grown significantly during the last 5-10 years and the Big 4 firms have invested significant resource in developing their teams in this area during this time. Other key financial centres such as Paris, Frankfurt etc have seen the development of this specialism but nowhere near the same extent as that witnessed in London. As a result, the demand of FS TP at all levels (from assistant advisor to senior manager) has dramatically increased.
We are currently recruiting for several challenging and interesting FS TP opportunities at all levels throughout Europe and we would be happy to have a confidential conversation with you to discuss your options and the current market situation.
Please feel free to contact Deborah Michels at Maven Partners on +44 (0)20 3178 8853 or email deborahmichels@mavenpartners.co.uk
