Prager Metis recently announced the promotion of four to principal, effective Jan. 1.
Among those elevated is Michael Raiken, a principal in the firm’s Cranbury office. Along with Raiken, Patricia Hamilton, Satang Janneh and Runa Spataru, who work out of firm locations in Miami and New York, were named principal.
“The highest of achievements cannot be met, without hard work and dedication to your practice,” Co-managing Partner Lori Roth said in a statement. “It is with great honor we announce this year’s principal promotions, Patricia, Satang, Runa, and Michael have demonstrated the essential qualities that support the firm’s strategic plan and its core values.”
Raiken has more than three decades of accounting industry experience. He works with tax controversy clients to minimize tax liability and exposure and appears as representative before federal and state agencies through audit appeals and litigation processes, as necessary.
“I am excited to become a principal of Prager Metis,” Raiken said in a statement. “I will continue to render quality service to our existing clients and look forward to providing new clients with outstanding professional and personal service.”
At the beginning of the month, the New York-based international advisory and accounting firm announced it became the first of its kind to open its headquarters in the metaverse on platform Decentraland.
According to the firm, the joint venture with Banquet LLC at coordinates (18, 144) will offer “real world services that are critical to the metaverse world.”
Looking to the future
The three-story digital structure offers an open floor plan on the first floor that can double as a gallery space for client NFTs and entertainment; the second floor is the working space, with meeting and conference capabilities; and the third floor rooftop is planned to host events and opportunities for live entertainment.
“The opening of a metaverse office reflects Prager Metis’ belief that the metaverse will be the future and technology will continue to influence the way the world operates,” said Chief Executive Officer Glenn Friedman. “Our new Metaverse headquarters will serve as a bridge between traditional and digital and offer valuable real world financial services to the metaverse.”
Partner Jerry Eitel will oversee the metaverse office; with 40 years of accounting experience, he currently leads Prager Metis’s real estate practice group.
“Our presence in the metaverse shows how serious we are about our vision for the future and supports our belief that there is a tremendous need for financial expertise and resources in the evolving digital world,” Friedman added.
Back in 2020, Prager Metis announced that it would start accepting cryptocurrency for payment.