ISIS Fund Services has extended its services to the North Carolina area with the launch of a new office.

The company's new business development unit will be led by Kristin Steele, who was previously the vice president and senior client relationship manager for HSBC Alternative Fund Services. Prior to that, she was director of investor relations at Citco Fund Services.

In her new role, Steele will be working closely with Ede Conyers, the firm's chief executive officer, Brian Desmond, chief operating officer, and Jane Lewis, associate director.

"The opening of a US office is equally exciting for ISIS as it will enable us to build on our existing client base throughout the US," Conyers said in a statement.

ISIS is headquartered in Bermuda and has $2.5 billion in assets under administration.