Channel Capital teams up with former Mellon CEO to launch incubator firm
Des Mac Intyre
Channel Capital, a Melbourne-based incubator and platform provider for startup money management firms, is teaming up with former Mellon Investments Chairman and CEO Desmond Des Mac Intyre to launch Eolas Capital, a New York-based investment manager incubator.
The move effectively means that Channel Capital which works with eight money management partners in Australia with combined assets of A$16 billion ($12.6 billion) is going global, said Mr. Mac Intyre, who stepped down from Mellon in February.
In a market with a lot of providers of patient capital, Eolas will look to differentiate itself by offering a full suite of business partnership services, including strategy, finance, operations, technology and front-to-back office marketing and sales, Mr. Mac Intyre said.