Sunday, June 7, 2026

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Short: Alvarez & Marsal launch captive tax practice

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Paul Phillips, Alvarez & Marsal
Mikhail Raybsteyn, Alvarez & Marsal

In this GCP Short, produced in partnership with Alvarez & Marsal, we spotlight new arrivals Paul Phillips and Mikhail Raybsteyn as they build out a global insurance and captive tax practice at the firm.

The duo arrived at A&M at the start of April with Paul and Mike both appointed managing directors based in Dallas and New York respectively.

In a 20-minute discussion, they outline why they have madethe move to start a new global captive and insurance tax practice, their priorities for building a broader captive offering at A&M and observations on recent market events such as another 831(b) ruling against the IRS and Marylandโ€™s announcement to conduct a captive market study.

For the latest news, data-driven analysis and thought leadership on the global captive market, visit โ Captive Intelligenceโ  and sign up to our โ twice-weekly newsletterโ .