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Advisory

Duff & Phelps Welcomes New Managing Director, IP Transfer Pricing Veteran Philippe Penelle

Duff & Phelps, A Kroll Business, the world’s premier provider of valuation, corporate finance, governance, risk and transparency, announced that Philippe Penelle has joined as a managing director based in Los Angeles, California. Penelle leverages over two decades of experience designing, valuing and defending transfer pricing structures on behalf of multinational clients and their counsel. In his current role, he will be responsible for growing the Global Transfer Pricing practice on the West Coast.

“My decision to join Duff & Phelps comes at a time where carefully considered transfer pricing strategies are more important than ever for multinational companies,” said Penelle. “I look forward to bringing my strategic experience to the firm’s best-in-class Global Transfer Pricing practice, which offers independent, practical solutions in this ever-complicated and evolving international tax environment.”

Penelle brings expertise in intellectual property transfer pricing strategy connected to cost sharing arrangements, contributions to international partnerships and corporations, and licensing arrangements involving specific allocations of fixed cost funding commitments. He has advised senior executives in the life sciences, technology, crypto assets, video game, entertainment and media, fashion and retail industries. Penelle has also advised on due diligence, M&A in traditional industries for semiconductor companies and heavy machinery and equipment companies.

“Philippe is a distinguished transfer pricing thought leader who has successfully represented clients in high-profile controversy cases involving billions of dollars of potential adjustments. His addition to the team will enhance Duff & Phelps’ contributions in the space. This will allow us to continue to evolve our support as a strategic partner for a growing number of our clients and prospects, especially on the West Coast,” added Managing Director Stefanie Perrella, who was appointed Global Head of Transfer Pricing in July 2021.

“With Stefanie at the helm and Philippe joining the team, the Transfer Pricing practice is poised to bring its expertise to new prospects and will continue to provide steady counsel to multinationals in their most high-stakes transactions,” said Valuation Advisory Services President Michael Dolan.

Prior to joining Duff & Phelps, Penelle served as a principal at Deloitte for more than 20 years, where among serving as technical expert on client engagements, he played a key role in conversations between the Organization for Economic Co-operation and Development (OECD) and other parties over base erosion and profit shifting (BEPS). In addition, he authored articles in academic and trade journals on developing valuation methodologies for intellectual property structures.