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Creechurch Capital, the Douglas-based boutique discretionary fund management firm, have announced the appointment of Miles Ashworth as its new Head of Private Wealth.

This significant appointment follows the recent acquisition of Creechurch by the Nayyar Group and reinforces its intention to drive the business forward.

Ashworth is no stranger to Creechurch having worked for the business for six years, most recently as a Senior Portfolio Manager, until his departure in 2018.

Mr Ashworth commented: “It was a great opportunity to re-join a successful business I have a close affinity for having started my investment management career at Creechurch Capital. Following the recent acquisition, I have been impressed with the new management team and their plans for the future. My ambitions have a clear focus on producing high quality investment returns and delivering on our client objectives. Creechurch have a client centric focus and a strong investment proposition, which is a great starting point for building on current relationships and attracting new assets during this next phase of growth.”

Nayyar Group have a wealth of experience and expertise, and a determination to drive the business forward. Members of the Nayyar family are also shareholders of UK firm, Brookfield Partners INTL Limited, which owns multi award winning investment management firm, FACET.

Jim Dolan, Director, Creechurch Capital, who arrived as part of the acquisition team and is now responsible for overall investment strategy, commented: “We are delighted to welcome Miles back to Creechurch and also to recognise his undoubted ability with his new title. I believe it is testament to the vision of the Nayyar Group that someone of his calibre has chosen to return and I look forward to working with him as we evolve the investment strategy of the business.”

The Nayyar family founded and own the Nayyar Group, which is a leading specialist in various services including property management and development, land development, distressed assets and retail services. The Group’s objective with all of its ventures is to deliver successful development in a professional manner combined with the highest levels of commitment. FACET is a firm of investment and fund managers which has been helping clients navigate complex financial markets since 1979 and takes great pride in delivering absolute returns to its investors while maintaining a low to medium risk on investments.