Please ensure Javascript is enabled for purposes of website accessibility
January 28, 2023

Andersen Poaches Someone From KPMG and Issues a Press Release, Part I

Arthur Andersen & Co.

Oh look, Andersen hired someone from a Big 4 firm who didn’t work for Arthur Andersen earlier in their career, unlike this guy.

Andersen welcomes Edward Schulte as a Managing Director in the San Francisco office as part of the Alternative Investment Funds (AIF) practice. Edward has 18 years of experience in public accounting and specializes in the taxation of hedge funds.

“I am excited to have Edward join our team in San Francisco. He brings a great deal of expertise in the taxation of financial instruments including advising companies on issues related but not limited to wash sales, short sales, constructive sales and reportable transactions,” said U.S. Country Managing Director, Dan DePaoli.

“Edward’s expertise in the taxation of financial instruments and advising companies on partnership structuring matters is a great addition to our AIF practice,” said Frank Cassidy, Office Managing Director of the San Francisco office. “His knowledge of hedge, venture capital and mutual funds will help to strengthen the practice in our office.”

Before joining Andersen, Edward was a Partner at KPMG in the alternative investments practice. He was also a Principal with Rothstein Kass.

Edward received his Bachelor of Arts degree in Accounting and Economics from Augsburg University and his Master of Business Taxation from the University of Minnesota.

Edward Schulte

What the press release failed to mention was that Rothstein Kass was a two-time Going Concern March Madness “Coolest Accounting Firm” winner. It was undoubtedly RK’s biggest achievement in its 55-year history.

Schulte wasn’t one of the Rothstein Kass employees who got the hell out after the firm was acquired by KPMG in late May 2014. In fact, that was his second stint with KPMG, as he worked there from 2003 to 2008, moving his way up the ladder from associate to senior associate to tax manager on mutual fund, hedge fund, and private equity engagements, according to his LinkedIn profile.

In between his time at KPMG and Rothstein Kass/KPMG, Schulte worked at EY for a few years as a senior tax manager in the National Asset Management Practice, where he provided consulting and compliance services to hedge, private equity, and mutual funds.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

LEGO businessman at a desk

KPMG Vice Chair Hopes All the Tech Layoffs Will Scare College Kids Into Accounting

KPMG Vice Chair Greg Engel has been having trouble sleeping lately. It isn’t climate change or social justice or the price of eggs keeping him up at night, like most accounting leaders he is consumed by the talent shortage. No really, that’s what he told CFO Dive. Not to worry, Engel has hope. Hope that […]

Promotion Watch ’23: It’s New Partner Season at CohnReznick

Feb. 1 will be a big day at the 15th richest public accounting firm in the U.S. as 19 people will be admitted into the partnership at CohnReznick. “As CohnReznick continues to expand its capabilities and market presence, recognizing the talents and achievements of outstanding professionals is critical to our growth strategy,” said CohnReznick CEO […]