Barclays Tax Director Steffan Adfeldt joins BDO

BDO has appointed Steffan Adfeldt as the new of Tax Director of the Financial Services Group, a role in which he will advise BDO on restructuring and compliance issues. Adfeldt joins from Barclays Investment Bank, where he worked for four years, as Tax Director in his last role.

Steffan Adfeldt joins accountancy and business consulting firm BDO from Barclays Investment Bank where he worked for more than four years. Adfeldt leaves Barclays as Tax Director, a role in which he oversaw all tax aspects of treasury matters across the whole group; this included funding, hedging and regulatory reform. Prior to this, he worked as an advisor for the company’s investment banking division. Before joining Barclays, Adfeldt worked for Allen & Overy as a Senior Associate from 2005 until 2010, and as a Trainee/Associate for Baker & McKenzie from 2000 until 2005. Adfeldt has a Graduate diploma in Law from the City University London, a Master’s degree in Philosophy from the University of Oxford, and a Bachelor’s degree in History from University College London.

At BDO, Adfeldt will take on the role of Tax Director of the Financial Services Group, and will advise the firm on restructuring and compliance issues that relate to new regulatory directives. “As the industry evolves to address greater regulation, more complex competition and increasing customer expectations, clients want advice on anything from restructuring issues, to compliance with directives such as FATCA or AIFMD. Steffan’s skills and knowledge in this complex arena are a welcome addition to our team of financial services tax experts, and to the wider practice,” says Angela Foyle, Head of Financial Services Tax at the accountancy- and consultancy firm.

Commenting on his appointment, Adfeldt says: “The taxation regime faced by the financial services industry presents challenges for many businesses and I look forward to putting my skills and knowledge to good use in my new role. The practice is growing and I am excited about the opportunities this brings, particularly in relation to the firm’s core driver of delivering exceptional client service to the industry.”

Recently another former Barclays employee decided to move into the consulting industry: former Barclays COO Jonathan Rose joined Capco, where he serves as partner.