Focus On

KPMG names new Canadian managing partner for tax

Wednesday, September 25, 2019 @ 12:48 PM | By John Chunn


Elio Luongo, chief executive officer of KPMG in Canada, announced the appointment of Lucy Iacovelli as Canadian managing partner for tax and chief administrative officer (CAO) of KPMG Law LLP.

According to the firm’s press release, Iacovelli currently oversees KPMG’s tax practice in the Greater Toronto Area and is administrative officer for KPMG Law, the law firm affiliated with KPMG LLP. She will succeed Greg Wiebe in both roles, effective Oct. 1.

“Lucy is a highly regarded leader in our firm and in the marketplace,” said Luongo. “Her focus on technical excellence and client care is an inspiration to all our partners. I am very excited to have Lucy join our National Management Committee. She brings amazing energy and an unwavering commitment to our people and clients.”

Iacovelli brings more than 25 years of industry experience in tax planning, corporate reorganization, mergers, acquisitions and divestitures, as well as significant knowledge of tax dispute resolution. She has served as KPMG’s tax business unit leader for the GTA since 2016 and prior to that led the firm’s financial services tax practice. Iacovelli has been a member of KPMG in Canada’s board of directors and the KPMG Global Financial Services Tax Steering Committee.

“Lucy is taking over an extremely successful practice managed by Greg, whose leadership has been instrumental in making KPMG a leading tax practice in Canada, strengthened by the significant growth of KPMG Law in recent years,” added Luongo.