E&Y Beefs Up West Coast Asset Management Tax Team

Mar 21 2012 | 1:02pm ET

International accounting firm Ernst & Young has made four senior hires for the West Coast sector of its asset management tax practice.

Citing growing customer demands for tax services and a volatile market, Ernst & Young has hired Michael Doolan, Mark Gutierrez, Paul Kangail and Eric Wauthy.

Doolan was previously a senior managing director with Macquarie Bank in New York, where he led tax and structuring for the asset management business in the Americas. Prior to joining Macquarie, Doolan worked on M&A transactions at KPMG and served as KPMG’s Australian firm’s rotating partner in the United States. A principal, Doolan is located in Ernst & Young’s San Francisco office.

Gutierrez was a leader of Deloitte Tax’s Pacific Southwest asset management practice. Prior to joining Deloitte in 2001, he was a member of PricewaterhouseCoopers’ Los Angeles and Boston asset management practices. He joins Ernst & Young as a partner and is located in the firm’s Los Angeles office.

Kangail was formerly a tax partner with Rothstein Kass & Co., leading the Bay Area financial services tax practice.  A former partner at Deloitte, Kangail is also a partner at Ernst & Young, located in the San Francisco office.

Wauthy comes to Ernst & Young from Deloitte Tax’s Pacific Southwest asset management practice. He is a partner located Ernst & Young’s Los Angeles office.

“Michael Doolan, Mark Gutierrez, Paul Kangail and Eric Wauthy bring deep experience working with clients to help them retain and grow assets, enhance investment performance, mitigate business and tax risk and respond to regulatory changes,” said Michael Serota, global hedge fund co-leader and global asset management tax leader for Ernst & Young. “Their joining is also evidence of Ernst & Young’s growth on the West Coast in the asset management industry. In addition, they bring a broad range of hedge and mutual fund, private equity and venture capital experience, including international structuring acumen.”

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