Taylor has worked with both men and told BBC Sport: "Michael and Richard have spent many hours in each other's company over the last 10 years. They know each other forensically, they understand each other, and most importantly they trust each other.
"Liverpool as a club and an entity have done very, very well to get that partnership. They are so compatible, they are both elite-level operators in all facets of recruitment and leadership. There is little doubt that their synergy will work well for Liverpool.
"Richard came on board in the summer of 2013, our second year in the Championship, our promotion season and his presence, his ability to adapt, his ability to consume information and articulate it to boardroom level and to the owner was pivotal to our success on and off the field."
"Richard isn't data-led or data-driven but he's data-influenced," adds Taylor, "which is pivotal to the blueprint that Michael Edwards has implemented at Liverpool.
"There is no doubt in my mind that Richard will be a success at Liverpool. With Michael by his side, he will flourish".