What's Happening?
Chaim Stern has been appointed as a partner at Alston & Bird in their federal and international tax group based in New York. Stern brings over 15 years of experience from Goldman Sachs, where he held senior
roles in tax planning for the firm's alternative asset management business. His expertise includes advising on the structuring and launch of complex funds and investment vehicles across various sectors such as private equity, credit, hedge, real estate, and infrastructure strategies. This move is part of Alston & Bird's strategy to strengthen its tax advisory capabilities.
Why It's Important?
The addition of Chaim Stern to Alston & Bird is significant for the firm's tax advisory services, particularly in the competitive New York market. Stern's extensive experience with Goldman Sachs positions him as a valuable asset in advising investment firms on tax aspects of fund formation and structuring. This appointment could enhance Alston & Bird's ability to attract high-profile clients seeking sophisticated tax planning and structuring advice. For the broader financial and legal sectors, this move underscores the ongoing demand for seasoned tax professionals who can navigate complex financial instruments and regulatory environments.
What's Next?
With Stern's appointment, Alston & Bird is likely to expand its client base in the investment sector, leveraging his expertise to offer enhanced tax advisory services. The firm may also see increased involvement in structuring and launching new investment vehicles, potentially leading to further growth in its tax practice. Stakeholders in the financial and legal industries will be watching to see how this strategic hire impacts Alston & Bird's market position and client engagements.
