AlixPartners Expands Transfer Pricing Practice

NEW YORK, May 13, 2014 (GLOBE NEWSWIRE) -- AlixPartners, the global business-advisory firm, today announced the addition to its Financial Advisory Services group of two former KPMG LLP senior transfer-pricing experts, Steven D. Felgran and Steven D. Harris. Felgran and Harris join AlixPartners as directors in the firm's expanding global Transfer Pricing Practice. Both will work from AlixPartners' New York office.

"Steven Felgran and Steven Harris bring deep knowledge of the transfer-pricing regulatory environment and experience with the complex transfer-pricing issues facing companies today, both from an economic and advisory perspective," said Harvey Kelly, global leader of AlixPartners' Financial Advisory Services group. "They will play important roles as we build and integrate our capabilities globally, particularly as transfer pricing remains a significant issue for companies with complex intercompany operations."

Felgran, a Ph.D. economist by training, has extensive experience in economic analysis and controversy support involving tax-authority policy regarding intercompany pricing. His primary work involves transfer pricing of tangibles, intangibles, services and loans vis-a-vis international and state rules and regulations. He has provided expert analysis in numerous transfer-pricing matters including bilateral and unilateral advance pricing agreements, most recently as a senior partner in the economic and valuation services practice of KPMG. He has also served as an expert economist and expert witness in matters involving transfer-pricing policy and implementation.

Felgran's doctorate and master's degrees are in economics, both from Yale University. His bachelor's, also in economics, is from the University of Pennsylvania.

Harris has more than 20 years of transfer-pricing experience in government and the private sector. His primary focus is in transfer-pricing risk management, working with economists and accountants on strategies to mitigate exposure to transfer-pricing adjustments and to manage transfer-pricing controversies. He began his career at the U.S. Internal Revenue Service's Advance Pricing Agreement Program, where he served as a team leader, senior technical reviewer, branch chief and acting director. After leaving government, Harris joined KPMG, where he formed and headed that firm's global transfer-pricing risk management team. He comes to AlixPartners after a stint in private practice focusing on transfer pricing.

Harris holds a juris doctor degree (J.D.) and a master of laws (LL.M.) in tax from Capital University Law School in Columbus, Ohio. His bachelor's degree is from Bowling Green University in Bowling Green, Ohio.

About AlixPartners

AlixPartners is a leading global business advisory firm of results-oriented professionals who specialize in creating value and restoring performance at every stage of the business lifecycle. We thrive on our ability to make a difference in high-impact situations and deliver sustainable, bottom-line results. The firm's expertise covers a wide range of businesses and industries whether they are healthy, challenged or distressed. Since 1981, we have taken a unique, small-team action-oriented approach to helping corporate boards and management, law firms, investment banks and investors respond to critical business issues. For more information, visit www.alixpartners.com.