EY expands UK private credit tax team with two Partner appointments

EY has announced the appointments of Elliott Morley  and Gabriel Iliuta as new Partners in its UK private credit tax team, focusing on international financial services tax and transaction services.

Based in London, Elliott brings more than 22 years of experience in the banking and funds industry across both commercial and tax roles. He joins EY from PwC where he advised some of the largest funds investing in the credit sector.

Also based in London, Gabriel joins EY from Deloitte where he worked across Central Europe, Middle East and North Africa, and in the UK within credit and restructuring tax.

Stuart Sinclair, UK Financial Services Tax Partner at EY, comments: “We are delighted to welcome Elliott and Gabriel to our credit team. The European private debt fund market is in growth mode, and we are seeing increasing demand for specialist tax advice in this area.

“With four dedicated private credit tax partners in the UK and a strong team across our European network – particularly in Luxembourg and Ireland – we are committed to developing with the market to continue to provide impactful commercial tax advice to all our clients, and we are so pleased to have Elliott and Gabriel to help drive this.”

Bridget Walsh, Global Private Equity Leader at EY, comments: “I am delighted to welcome Elliott and Gabriel, whose impressive experience working with credit arms of leading private equity firms will add tremendous strength to EY’s global private equity team. As private capital continues to impact various sectors and businesses – with private credit playing a vital role – their expertise becomes increasingly crucial. These key appointments highlight EY’s commitment to invest US$1b in expanding and deepening our capabilities in private equity.”

Elliott Morley comments: “I am thrilled to have joined the EY partnership and to be working with such a talented tax team. The current market represents an exciting time for credit funds, and I’m pleased to have joined such an ambitious team to drive excellent work for our clients.”

Gabriel Iliuta comments: “The credit market is showing signs of the most activity in the sector since the global financial crisis, and this is an exciting time to have joined the team. I look forward to help grow our capabilities in this sector.”