FiscalReps has launched FR Global Advisors, an international consultancy practice that will advise captive managers on tax and regulatory compliance and operational efficiency gains.
Insurance and risk finance consultant, Stuart King, will lead the practice as managing director. Asher Harris, a New York-based lawyer, will also offer his expertise to the new venture.
King has held roles with Aon, Marsh and Swiss Re. He has advised many leading corporates on insurance programme optimisation, working with brokers to challenge existing insurance arrangements and develop global risk transfer solutions.
King said: “By providing a robust, reliable client service delivery platform which leverages the process, procedures and expertise of both FiscalReps and Asher Harris, FR Global Advisors offers our clients, regulators and tax authorities alike the assurance of continued compliance, as well as the best opportunity to improve operating margins and re-deploy resources to drive client revenue growth.”
Mike Stalley founder and Chief Executive of FiscalReps, said: “Together, our goal is to provide tailor-made advisory and support services to the captive industry, encompassing tax consulting, operational support, regulatory and compliance services.”
“In particular, FR Global Advisors is building a suite of compliance solutions for captive management firms, enabling managers to save money on operational and compliance functions and focus their resources on serving and growing their client bases.”
Harris added: “Over the past several years we have forged an extremely effective partnership with FiscalReps, offering insurers and captive management firms expert guidance on tax compliance in the US and internationally. FR Global Advisors formalises this partnership and we look forward to advising clients on a broader range of mission-critical issues.”
