Leaders List interview: 60 seconds with Majid Hussain, Evelyn Partners
Citywealth speaks to Majid Hussain, member of Citywealth’s Leaders List (click here to view Majid Hussain’s Leaders List profile), partner and private client tax advisor at Evelyn Partners.
Tell Citywealth’s readers about your role.
I am a private client tax advisor, assisting HNW individuals and families in managing their tax affairs, with an overriding objective on practical and commercial solutions.
I have a strong focus on clients who are UK resident and non-domiciled as well as those who are non-resident and non-domiciled. Additionally, I advise clients relocating to or from the UK.
My practice also includes advising private equity executives regarding the structuring of their carried interest and co-investment rewards.
I regularly contribute to discussions regarding crypto/digital assets and advise on the taxation of crypto assets.
What is the biggest challenge you and your firm are currently facing?
As a partner and leader in the business, a key challenge is navigating clients and staff through what has been an incredibly uncertain time due to global events, such as covid, ensuring we continue to focus on the wellbeing of our staff and rapidly respond in an innovative way to an ever-changing global and economic environment.
How would your clients describe you?
I was once described by one of my tech entrepreneur clients as the “tax doctor”.
My clients would describe me as their go-to advisor, with a knack for simplifying complex tax issues into something which is digestible and, more importantly, forming a practical, commercial solution to their issue.
What are the most important skills and personal qualities to succeed in your role?
In essence, my role involves problem solving day in and day out, whether that is for clients or within the business, therefore I consider that to be a key skill.
Additionally, tax law is ever changing and ever complex, therefore it takes a certain level of resilience and “weirdness” to succeed in this role (we are of course talking about tax).
Finally, you have to bring a level of energy and enthusiasm which shines through both for clients and the wider team, which makes the role not just enjoyable for you but for those around you too.
Best and worst parts of your job.
Meeting and engaging with people – it’s the part I find most rewarding, especially when you are helping people achieve their business goals, family succession goals or career goals. It can also be the most testing part of my role!
What is the most valuable piece of advice you have been given?
Best behaviours give you the best results!
Click here to view Majid Hussain’s Leaders List profile.