Australian investment management company Channel Capital Pty Ltd has established an offshore governance services business in the Cayman Islands.
Fund director Mark Cook will lead the business as executive director with a 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.
Cook has been in Cayman since 2005, first with Citco Fund Services and from 2008 as an investment fund director.
“We are thrilled to be partnering with Mark in the Cayman Islands” said Glen Holding, Channel’s co-founder and managing director, in a press release announcing the appointment.
“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”.
Cook said Cayman 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,” he added.