Caruso Establishes North American Hub in Dallas

The asset administration firm has launched its U.S. operations with a new regional headquarters based in Dallas.

Updated on Oct. 15, 2026 in Corporate Finance

Isometric editorial illustration of a modern architectural office building in muted blue and cream tones, representing a corporate hub. — Caruso officially entered the U.S. market today, launching its new North American asset administration hub based in Dallas, Texas. AI Illustration. Upload story photo >

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Caruso officially expanded into the United States market today, establishing a new North American hub in Dallas. The firm is setting up its national business presence under a newly appointed leadership team.

Why it matters

The entry of Caruso into the U.S. market adds a significant player to the domestic financial services landscape. This expansion marks a strategic shift for the firm as it scales its global administration operations.

Caruso currently administers more than US$75 billion in assets globally. The firm is now scaling its service capabilities to support its new U.S. client base through the Dallas office.

The players

Caruso

This is a financial services company that specializes in fund administration and manages over US$75 billion in assets globally.

Mark Hurley

He serves as the CEO of Caruso and is responsible for leading the firm's new business operations in the United States.

RJ Schulte

He serves as the Vice President of Fund Administration Services for the company.

Amit Baria

He serves as the Vice President of Client Partnerships for the firm.

The details

The company has appointed a dedicated United States leadership team to oversee its regional growth. This Dallas-based hub will serve as the primary center for its American business operations moving forward.

October 15, 2026: Caruso announced its formal expansion into the United States market.

Market Dynamics

Caruso's move to Dallas follows a well-documented trend of international financial institutions establishing significant administrative bases in Texas. This reflects the broader migration of corporate service hubs toward major southern U.S. metropolitan centers.

Institutional investors and fund managers can now engage with the firm's administration services directly through a U.S.-based team. This expansion may streamline service accessibility for domestic clients requiring fund administration support.

The takeaway

The arrival of an international administrator with US$75 billion in assets could increase competition in the U.S. fund services market. Local financial professionals may find new opportunities for partnership as the firm builds out its Dallas leadership team.