The office adds to Carne’s presence in Dublin, Dubai, Luxembourg, London, Geneva and the Cayman Islands. The operation will be led by Joe Hardiman, managing director, and Paul Bishop, director, will lead the US business.

Hardiman was previously global head of mutual fund products for American Express Bank with full responsibility for the international mutual fund business distributed in Europe, Asia and Latin America. Prior to that, he was an executive with Alliance Bernstein for ten years. Bishop was previously director of offshore operations for American Express Bank and has over 16 years of mutual fund and alternative product experience.

The duo will focus on assisting alternative and traditional managers in establishing Irish, Luxembourg and Cayman Island funds. They will also develop and implement plans for re-domiciling existing funds to regulated jurisdictions and provide assistance with the distribution of funds outside the US.