Isis Fund Services USA Inc., a wholly owned subsidiary of Bermuda fund administrator Isis Fund Services Ltd., has opened a full service fund administration office in Charlotte, North Carolina.

Isis' Charlotte office will provide hedge funds and private equity funds with fund and portfolio accounting, investor servicing, anti-money laundering/anti-terrorist financing and US partnership tax services.

Kristin Steele has been appointed president of the US office and will be responsible for managing the day-to-day operations of the office in addition to managing the company's business development activities.

"I'm excited to be given the opportunity to manage the Charlotte office and am confident that the US office will experience the same success as the Bermuda office because of the strong foundation built by the Isis team and our commitment to client relationships," she said.

"There couldn't be a better time to expand our business into the US, particularly in Charlotte which has huge resources, quality people and so much potential opportunity for growth," said Ede Conyers, CEO of Isis Fund Services Ltd. "We are delighted to give Kristin due recognition for her exceptional efforts to date by appointing her as president responsible for the US office."

Isis has also announced the appointment of Steven Guptill as senior account manager. He joins Isis from International Fund Services, where he was an officer of fund accounting and was responsible for fund launches, conversions and accounting services for hedge funds and private equity funds.

"We are delighted that Steve has joined our US operation," said Brian Desmond, chief operating officer at Isis Fund Services Ltd. "He will be a great addition to the team with a wealth of fund administration experience having worked in the industry for over seven years."