The Aussie group has teamed with Des Mac Intyre, former chief executive of Mellon Investments Corporation to form its new investment manager incubator, Eolas Capital. Mr Mac Intyre will be taking the role of managing director at the new venture.
Pronounced O-las, the firm will be Channel’s first subsidiary in the US and will provide capital, a business platform and support for investment talent across managers seeking to expand in New York.
Channel is planning to offer capabilities such as distribution, marketing and responsible entity services for a select group of investment managers and their clients across the institutional, family office, high-net-worth and adviser-led investor spaces in Australia.
Glen Holding, co-founder and managing director of Channel commented: “Channel’s platform has helped build durable investment managers in Australia for nearly a decade and we’re confident that with Des as our partner, we will expand successfully in the US.”
New York-based Kudu Investment Management, which acquired a minority stake in Channel Capital last year, has helped finance Eolas Capital.
The entity’s new managing director Mr Mac Intyre has brought a reported 30 years’ experience to the new venture. Previously, he had been chair and CEO of Mellon, the multi-assets solutions subsidiary of BNY Mellon, which held $613 billion in client assets as of 31 December 2020.
Prior to that, he had been BNY Mellon’s CEO of US asset management and chair and CEO of Standish Mellon Asset Management.
He also held executive positions across Bridgewater Associates, Pareto Partners and General Motors Asset Management.
