October 05, 2016
Marcum LLP Opens First European Office with Launch of Marcum RBK (Ireland) Limited
New York City, NY - Marcum LLP, a top national accounting and advisory services firm, today announced that it has opened its first office in Europe. Located in Dublin, Marcum RBK (Ireland) Limited is a joint venture with Russell Brennan Keane (RBK), the largest independent accounting and business advisory firm in Ireland.
The new venture was established as a service center for current and future hedge fund and private equity fund clients of the Marcum Alternative Investment Group. It combines Marcum's leadership as a Top 5 U.S. hedge fund service provider with RBK's nearly 60 years of experience providing audit, accounting, taxation and business advisory services to domestic and overseas businesses.
Beth M. Wiener, partner-in-charge of Marcum's Alternative Investment Group, said, "Marcum RBK (Ireland) is perfectly positioned to assist both mature funds and managers needing to navigate the process of establishing a new fund in Ireland, including optimizing the fund's structure. We can now provide localized expertise in Ireland to our hedge fund and private equity fund clients to assist them in creating new business opportunities in the investment-friendly Irish market."
The three leading fund domiciles globally are the United States, Grand Cayman and Ireland. Marcum RBK (Ireland) completes the Firm's service coverage in each of these areas.
"Marcum's new presence in Ireland, our first in Europe, reflects the Firm's commitment to continually expand our service capabilities and geographic footprint to meet our clients' needs. RBK's long history as Ireland's leading independent accounting firm makes them an ideal partner for Marcum in this venture," said Jeffrey M. Weiner, Marcum's managing partner.
"Ireland has demonstrated a commitment to creating a compelling business environment for funds in Europe. It has become a global financial center due to its competitive tax structure as well as the new opportunities created by Brexit, which is enabling Ireland to step up as a key gateway to the European market," Ms. Wiener said.
Marcum's Alternative Investment Group specializes in audit, tax, and consulting services for both emerging and established fund managers, and has expertise in domestic and offshore hedge funds, private equity funds, and funds of funds. In addition to traditional long/short equity funds, the group has in-depth knowledge of complex entities with hard-to-value investments, such as PIPE funds, life settlement funds, ABL funds and credit strategies.