Ernst & Young LLP Adds Four Senior Professionals to Further Expand its Growing West Coast Asset Management Practice

NEW YORK, March 21, 2012 /PRNewswire/ -- With growing customer demands for tax services and a volatile market, Ernst & Young LLP announced today that new senior professionals have joined the firm to expand the West Coast sector of its Asset Management tax practice.

"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 LLP'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."

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 LLP and served as KPMG's Australian firm's rotating partner in the United States. He has a Master of Law degree and undergraduate degrees in law and economics from the University of Sydney. He also completed the senior executive program at the Stanford University School of Business and is a chartered accountant in Australia. Doolan, a principal, is located in the San Francisco office of Ernst & Young LLP. He lives in Menlo Park, Calif.

Gutierrez was a leader of Deloitte Tax LLP's Pacific Southwest Asset Management practice. Prior to joining Deloitte in 2001, he was a member of PricewaterhouseCoopers LLP's Los Angeles and Boston Asset Management practices. Gutierrez earned his Master of Science degree in Taxation from Bentley College, as well as a Bachelor of Science degree in Business Administration from the California State University in San Bernardino. He is also a certified public accountant. Gutierrez, a partner, is located in the firm's Los Angeles office. He resides in Los Angeles.

Kangail was formerly a tax partner with Rothstein Kass & Co., where he led its Bay Area Financial Services Tax practice.  He is also a former partner at Deloitte LLP.  Kangail graduated from the University of California at Santa Barbara with a Bachelor of Science degree in Business Economics and a concentration in Accounting. In addition, he is a certified public accountant. Kangail is a partner located in the firm's San Francisco office. He resides in Danville, Calif.

Prior to joining Ernst & Young LLP, Wauthy was a leader of Deloitte Tax LLP's Pacific Southwest Asset Management practice. He earned a master's degree in business taxation from the University of Southern California and a bachelor's degree in history, with a minor in accounting, summa cum laude, from the University of California at Los Angeles. Wauthy, a certified public accountant, is a partner located in the firm's Los Angeles office. He is a resident of El Segundo, Calif.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com.

Ernst & Young is a leader in serving the global financial services marketplace

Nearly 35,000 Ernst & Young financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our asset management, banking, capital markets and insurance clients. In the Americas, Ernst & Young is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Office today includes more than 4,000 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.

Ernst & Young professionals in our financial services practices worldwide align with key global industry groups, including Ernst & Young's Global Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners span many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients. With a global presence and industry-focused advice, Ernst & Young's financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology, to financial services companies worldwide.

It's how Ernst & Young makes a difference.

This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.

SOURCE Ernst & Young

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