Herbert Smith Freehills has hired tax partner Jay Prasad from Australian firm Allens as the firm builds its tax advisory capabilities.

Prasad, who joins HSF’s Sydney office next month, is a transaction tax specialist experienced in advising corporates, financial institutions, private equity, and other managed funds on a wide range of tax-related matters. His work spans corporate mergers and acquisitions, restructures, initial public offerings, capital management programs and financing transactions.