KPMG has recruited former BDO partner David Ellis as head of its reward practice.
Ellis was previously a partner at the sixth largest firm in charge of its UK reward practice having joined in 2004. Prior to that he spent eight years at Ernst & Young and qualified as a solicitor at Richards Butler.
He has particular expertise in expatriate and employment tax remuneration strategies.
Ellis said: “KPMG has clearly committed to growing its reward practice and I am very excited about the opportunity to spearhead this initiative. The macro-economic, tax and regulatory environment is creating huge demand for advice on effective, long term, remuneration strategies.
“The trend away from cash bonuses towards long term equity reward, the differential between income tax and capital gains tax rates and the scrutiny over executive compensation packages present major challenges for businesses in designing pay packages.”