Paul H. Phillips III and Mikhail Raybshteyn join Alvarez & Marsal Tax, LLC (A&M Tax) as managing directors within the firm’s financial services markets channel. Phillips is based in Dallas, while Raybshteyn is based in the New York City metropolitan area. The duo joins the global professional services firm to enhance its captive insurance tax capabilities, focusing on connecting structuring, compliance and advisory services across the full lifecycle of a captive. Commenting on the appointments in a social media post, Ernesto Perez, global practice leader at A&M Tax, says: “Together, their experience enhances our captive insurance tax capabilities by connecting structuring, compliance, and advisory across the full lifecycle. What makes this especially energising is the way they place tax at the heart of business decisions to shape stronger outcomes from the start. Paul and Mike add tremendous expertise to our team, and we look forward to their perspectives as we continue to grow our capabilities in this space.” Phillips brings more than 33 years of public accounting experience to the firm, specialising in taxation and strategic advisory for insurance companies. Most recently, he served as the Americas markets leader for insurance taxation at EY, where he was also the global tax leader for the firm’s global captive insurance network. His career includes a tenure as chief operating officer of EY’s financial services organisation tax practice. Previously, Phillips was a business unit partner in charge of the Mid-America tax practice at KPMG. Phillips has been recognised globally as a top executive in accounting and received the Distinguished Service Award from the Captive Insurance Companies Association (CICA). Commenting on his new role, Phillips says: “I’m excited to step into this next chapter at Alvarez & Marsal, where I will be focused on building and expanding insurance tax services. Very grateful to be part of a strong and collaborative team and appreciate the tremendous support already received from colleagues across the firm. Looking forward to delivering high value, strategic contributions and energised to leverage my skills and drive results! Deeply grateful to everyone who has supported me along the way.” Raybshteyn joins A&M Tax with more than 22 years of experience in financial services tax and the insurance industry. He previously served as a tax partner in EY’s global insurance sector, holding leadership roles as the Americas captive insurance services co-leader and US Northeast InsurTech tax services leader. In his new position, Raybshteyn provides tax planning, structuring, risk advisory and regulatory guidance across traditional and emerging insurance markets. His expertise includes the design, formation and restructuring of captive insurance and alternative risk finance programmes. Raybshteyn adds: “I’m proud to share this exciting news and truly grateful to be part of such a strong team at Alvarez & Marsal. The support, collaboration, and trust from colleagues and leadership across the firm mean a great deal, and I’m excited to hit the ground running and contribute to meaningful, impactful work alongside this exceptional group. Thank you to everyone who has been part of this journey. There is a lot to look forward to!” Phillips holds a bachelor’s degree in accounting from Southeastern Louisiana University, a master’s degree in taxation from DePaul University and an MBA from The Ohio State University. Raybshteyn earned a BBA in accounting from Baruch College and a master’s degree in taxation from Fordham University Gabelli School of Business.
