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In brief

Baker McKenzie’s EMEA Tax Practice Group presented an overview on “Wealth Management” on 7 July 2020, the fourth in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times.


Wealth management experts in this session focused on the impact of COVID-19 on families and financial institutions across EMEA. They discussed present and future key concerns and priorities in the wealth management industry, explored potential opportunities in the new circumstances and considered how tax authorities will address the challenge of increasing collections after COVID-19.

Finally, they addressed potential tax increases and uncertainties surrounding the taxation of individuals in light of restrictions on international travel and stranded tax residents.

View the recorded webinar. Password: WMwebinar.2020

Download the materials.


Bruno Dominguez is a partner and head of theTax practice in Barcelona and Chair of our Wealth Management Practice in Europe, Middle East and Africa. Bruno has been coordinator of the Master of Laws in Taxation at the University of Barcelona, and associate professor at ESADE Business School. He has written several articles and regularly speaks at conferences and seminars on business restructuring, transfer pricing, wealth management and taxation of family businesses.


Elliott Murray is co-head of the FATCA/CRS practice at Baker McKenzie Switzerland and is a US tax associate in the Firm's International Tax and Global Wealth Management practice groups. He has significant experience assisting high net worth individuals and families with US and international tax, wealth planning, and regulatory and family governance matters.


Maarten Hoelen joined Baker McKenzie in 2006 and regularly advises multinational operating companies on Dutch corporate national and international tax law and formal tax law. His clients consist primarily of innovative (Dutch) multinational companies. He assists them on setting up efficient international tax structures and assisted them with several mergers and acquisitions to grown their organizations. Recently Maarten was involved in an IPO of a well-known Dutch multinational company for which he setup their worldwide international tax structure in conjunction with the BakerMcKenzie transfer pricing team. Due to his extensive knowledge on the costs of payments and international financing, he also regularly advises several US based multinationals on the tax and financial aspects of their European operations, which allowed them to obtain significant cost savings. Besides, he often assists clients with tax audits from the local tax authorities and with legal tax procedures they are confronted with. Maarten is a lecturer at the Dutch law firm school and is currently working on a book on the Dutch Innovation box regime.


Antonio Zurera joined Baker McKenzie in 2004 and was appointed partner in 2015. He focuses his practice on all aspects related to wealth management. Mr. Zurera has lectured in several conferences, and continues to contribute to economic journals and other publications.


Phyllis Townsend is a senior associate in the Wealth Management practice in London. Phyllis joined in 2012 from Rothschild Wealth Management & Trust where she was legal counsel in London and Zurich. Phyllis works with clients on a broad range of wealth management matters. Phyllis is listed in Legal 500, Private Client Practitioner's "Top 35 under 35" and Legal Week's "Private Client Global Elite - Ones to Watch".


Artem Toropov is a senior associate in Baker McKenzie’s Moscow office. Artem focuses on the areas of international tax planning, corporate restructurings, and tax structuring of M&A deals. He is experienced in advising Russian ultra high net worth individuals, families and family offices on the issues of asset protection, trust structuring, succession and residency planning. He also advises on matters of "deoffshorization" compliance and Russian currency control (RCC) compliance in relation to foreign accounts, personal holding companies, trusts and foundations (wealth management).