Country for PR: China
Contributor: PR Newswire Asia (China)
Monday, February 22 2021 - 15:34
Channel Capital Launches Offshore Governance Services Business to Be Headed by Mark Cook
SYDNEY and GEORGE TOWN, Grand Cayman, Feb. 22, 2021 /PRNewswire-AsiaNet/ --

Channel Capital Pty Ltd. (Channel), a leading Australian multi-affiliate 
investment management company servicing more than A$16 billion in assets, has 
established Channel Capital Cayman, an offshore governance services business 
based in the Cayman Islands.

Mark Cook, an experienced director for Cayman Islands and other offshore 
investment funds will lead the business, which will focus on establishing and 
operating investment funds domiciled in the United States, Cayman Islands and 
other offshore financial centres, as well as ensuring ongoing compliance with 
regulatory obligations including anti-money laundering and tax transparency.

Mark has worked with many globally recognized fund managers and financial 
institutions since arriving in the Cayman Islands in 2005. After qualifying as 
a chartered accountant in Australia and spending more than 10 years in public 
practice there, he obtained fund administration experience with Citco Fund 
Services in the Cayman Islands and since 2008 has been engaged as an investment 
fund director.

The Cayman Islands is a world leader in the establishment of offshore funds due 
to its tax-neutrality, stable economy, sophisticated banking sector, and 
professional financial service industry. Approximately 70% of non-US domiciled 
alternative investment funds managed by US SEC-registered advisors are 
domiciled in the Cayman Islands.  

"We are thrilled to be partnering with Mark in the Cayman Islands" said Glen 
Holding, Channel's co-founder and managing director. "We see this as a natural 
extension of the support and oversight we have traditionally offered to fund 
managers in Australia, and is consistent with our strategy to build out a 
global platform capable of supporting investment managers and their clients in 
all major jurisdictions".

Executive Director at Channel Capital Cayman, Mark Cook, said: "The Cayman 
Islands remains by far the most popular jurisdiction for hedge, private equity 
and infrastructure funds. I'm really looking forward to working with the 
Channel team and leveraging the platform they have developed. I anticipate 
opportunities across the spectrum for straight governance services, or to more 
widely assist with an investment manager's business needs".

About Channel Capital

Established in 2013, Channel has 30 employees across Sydney, Brisbane, 
Melbourne and Grand Cayman, and currently partners with eight investment 
management firms. Channel provides incubation, distribution, operational and 
responsible entity services to a select group of investment management firms 
and their clients across the institutional, family office, high net worth and 
advisor-led investor space. Channel's subsidiary entity, CIML, provides 
responsible entity services to a limited set of funds.

Media Contacts
For Channel Capital: 
Angela Dovitsas                                              
Channel Capital                                              
M: +61 417 277 683                               

For Channel Capital Cayman:

Mark Cook
M: +1 345 325 2540
Channel Capital Cayman
SOURCE:  Channel Capital

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   Caption: Mark Cook, Executive Director, Channel Capital Cayman