Jay J. Klein

Jay Klein joined PwC in 2016 as a Principal in the tax asset management, banking, and capital markets practices.  Jay is the Asset & Wealth Management financial products tax leader and advises funds and financial institutions on the taxation of financial products and related issues.

Jay formerly worked at Morgan Stanley as an Executive Director and as a member of the tax department at Sullivan & Cromwell LLP.

He has over twelve years of experience in the Financial Services industry. Jay has comprehensive expertise in taxation of financial products.  In his tenure at PwC, Jay has led global tax implementation projects at international banks, formulated numerous compliance solutions that leverage technology and interface with the systems of withholding agents, assisted many funds in creating policies and controls to facilitate compliance with 1446(f), 871(m), 305(c) and other tax requirements, and has advised banks, funds and similar clients on a variety of complex financial product tax issues.

As a member of the Morgan Stanley tax department, Jay served as a trusted advisor and risk manager to a broad spectrum of trading desks and business units, including comprehensive efforts in respect of all aspects of sections 871(m) and 305(c).  Jay also held a leading role in lobbying activities both directly with the government and together with industry groups such as SIFMA and ISDA on a broad range of issues including 305(c), 871(m), “basket notices”, comprehensive tax reform efforts, swap upfront payment regulations, and §1.1001-4 regulatory relief. He also has extensive experience liaising with non-US tax advisory, external counsel and working with the IRS on audit and current matters.

Jay holds a JD from St. John’s School of Law and a BA in Business and English from Yeshiva University.