New York, NY -- (SBWIRE) -- 10/26/2021 -- The topic of private equity profits is one that has occupied lawmakers in the USA for many years. Politicians have always been keen to get hold of a bigger share of these profits and look like they could be getting closer to this goal. A new proposal that has been created by Democratic lawmakers would potentially increase tax rates on so-called carried interest products and also lengthen how long general partners are required to hold an asset before they can have access to a favorable tax rate. Currently, carried interest is viewed as a capital gain, which means that managers generally only pay a federal tax rate of 23.8% if certain conditions are met. One of the crucial conditions is that the asset has been held for three years, a time limit that the new proposals would extend to five. It's clear that governments are seeking to generate more taxes but whether private equity profits are the right source for this remains to be seen.
As buy side recruiters with a wealth of experience, Selby Jennings has been supporting organizations across banking and financial services since the firm was established in 2004. As well as expertise as buy side recruiters the firm also specializes in many other key areas, including insurance and actuarial, financial technology, legal and compliance and quantitative research and trading. As the banking and financial services industry has grown, Selby Jennings has expanded alongside it, supporting a broad spectrum of enterprises, from market disruptors and startups to internationally recognizable financial services brands. The firm attracts talented people to its reputation as buy side recruiters and has established a database of more than a million mid-to-senior professionals, as well as nurturing connections with organizations across the industry. Using a combination of permanent, contract and multi-hire solutions the firm is able to cater to the very specific needs of individual businesses throughout some challenging economic and political times.
Part of the success the firm has achieved as buy side recruiters has come from the broad reach it has across the USA. Selby Jennings has a presence in many major cities, including Dallas, Los Angeles, New York, Chicago and San Francisco. This is just part of what the firm can offer, as it is also integrated into a 1,000+ strong global workforce and the recruitment partner of choice to hundreds of world-leading companies as part of the Phaidon International group, which operates across 6 countries. This unique international dimension has been vital to establishing Selby Jennings as buy side recruiters at the center of a robust network. Equally key has been the investment made in the firm's own workforce - consultants receive ongoing training and work with best-in-class recruitment technology and strategies. There are many different roles available via Selby Jennings today, including Private Equity Associate [Healthcare], Investor Relations Associate, Private Debt Senior Associate and Vice President [Private Credit].
"Like for many sectors, 2020 marked a defining moment for recruitment. Challenged by uncertainty, but unwavering in our commitment to our clients, we have endured through 2021 with a sense of duty to clients and candidates" commented Kieran Behan, Managing Director at Selby Jennings. He went on to say, "as we reflect on the challenges of virtually securing and retaining talent, we're inspired by a team who have demonstrated a remarkable ability to adapt and continue to help all our clients secure top talent on a global scale."
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About Selby Jennings
Selby Jennings was founded in 2004 and provides both local and international connections and perspective with respect to financial services roles. The firm is a specialist leading recruiter with a wealth of experience and the resources and expertise to ensure peace of mind for both clients and candidates.