The new office will open in January 2018, and will be its third US operation.

CAIS, the wealth management solutions provider, will open a new office in Austin, Texas as it looks to expand its footprint in the US.

The firm has also appointed Markus Persson as director of finance and David Kaul as director of alternative investments.

The new office in Austin will open in January 2018. It will be its third US office, along with its operations in New York, and Los Angeles, which opened in 2015.

"Serving the needs of independent advisors requires finding a balance between providing superior technology solutions and a high-touch service model," said Tim Shannon, chief operating officer and president. "CAIS will continue to show our commitment by opening offices in key cities."

Hires
In his new role, Persson will be responsible for leading all areas of finance and accounting for the firm.

He was most recently head of corporate accounting and associate director of Point72. Prior to that, Persson was with KPMG, where he oversaw financial due diligence and audits for a range of clients including Credit Suisse, Deutsche Bank, American Express and the US Treasury. 

Kaul will be in charge of fund origination, onboarding and relationship management. He joins from Stifel Nicholas & Co, where he headed up hedge fund and long-only LP manager research for Stifel Alternative Investments Group.

Kaul has also held positions with Barclays, where he was head research analyst, as well as with Muirfield Capital Management, Viking Investment Group and Union Bancaire Privée Asset Management.

The CAIS platform was launched in 2009 and has over 650 advisor firms actively transacting on the solution.