New York, NY and Dublin, Ireland (PRWEB) April 25, 2013
The Rothstein Kass global network, whose members are leading professional services providers to the financial services industry, today announced the establishment of Rothstein Kass Ireland and its admission as a member firm. Rothstein Kass, the U.S. member firm, was recently ranked as the top accounting and auditing firm serving the U.S. hedge fund industry according to Hedge Funds Review. The member firms of the Rothstein Kass global network collectively now have 10 offices globally and more than 1,100 employees.
“This is an exciting and important move for Rothstein Kass given our focus on the global fund industry and Ireland’s importance as one of the leading fund domiciles in the world,” said Dan Byrne, member of the network’s global board. “Rothstein Kass Ireland will be focused on auditing investment funds domiciled in Ireland and certain other European jurisdictions, as well as special purpose vehicles that are formed in Ireland to invest in a variety of asset classes.”
The expansion into Ireland comes amid increased focus on EU regulatory requirements by U.S. fund managers in light of the EU Alternative Investment Fund Managers Directive (AIFMD) which is set to take effect this July.
“With more and more of our clients operating on an international level, there is a real demand for firms that can deliver in-depth expertise and hands-on services beyond just the national level,” said Steven Kass, Chairman of the network’s global board. “Our team has a unique combination of extensive experience, high-touch service and knowledge of the global fund industry, and we see this growth as a means to better serve our clients while also taking advantage of the opportunity of increasing our international client base. The admission of a member firm in Ireland is just the beginning of a new chapter in the Rothstein Kass growth story, and we’re excited for what’s to come.”
Rothstein Kass, the U.S. member firm, has been approved since 2010 by the Irish Auditing & Accounting Supervisory Authority as a Third-Country Audit Entity, which allows the firm to issue audit opinions regarding the financial statements of issuers incorporated outside of the European Union/European Economic Area whose transferable securities are admitted to trading on a regulated market in Ireland.
The expansion plans for the Rothstein Kass global network extend beyond Ireland as well. “Currently we’re able to service our clients’ needs around the globe through our correspondent relationships, but our plan is to have member firms of the Rothstein Kass global network in all major fund domiciles and investment management centers globally,” Byrne said.
About Rothstein Kass:
Founded in 1959, Rothstein Kass, the U.S. member firm of the Rothstein Kass global network, is a premier professional services firm serving privately-held and publicly-traded companies, as well as high-net-worth individuals and families. The firm provides accounting, advisory, auditing and tax services, as well as a full array of integrated services such as litigation and forensic consulting and concierge and tax accounting to clients across industry spectrums and in all stages of development. Rothstein Kass is widely recognized as a leader in the financial services space, consistently ranking among the top CPA firms serving the Hedge Fund, Private Equity, Venture Capital, Broker Dealer and Family Office segments. At the core of Rothstein Kass’ remarkable success is a commitment to hiring, developing and retaining employees with the same entrepreneurial spirit that permeates the sophisticated business and financial services communities the firm serves.
“Rothstein Kass” represents the brand under which more than 1,100 professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. Each firm is a member of Rothstein Kass International Limited (RKIL), an English private company limited by guarantee. Each member firm of RKIL provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. RKIL does not itself provide services to clients. RKIL and each member firm of RKIL are separate and distinct legal entities, which cannot obligate each other. RKIL and each RKIL member firm are liable only for their own acts or omissions and not those of each other. Each RKIL member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in its territory through subsidiaries, affiliates, and/or other entities. Rothstein Kass (Ireland) Limited, referred to herein as “Rothstein Kass Ireland,” is the RKIL member firm in Ireland.