The Isle of Man-based company was set up by investment director and principal Glen Cochrane, another former Thomas Miller employee, and received its licence in August. Creechurch describes itself as a discretionary investment adviser and is positioned to target the institutional and private wealth areas of the market.
Cochrane said the company aims to provide investors with “old fashion, service orientated wealth preservation and growth”, using experienced wealth managers.
In a statement, Creechurch said foremost in its strategy is the security of client assets given the backdrop of the events of the past few years. In view of this, it has a joined with Royal Bank of Canada, one of only a few global banks to retain an ‘AAA’ rating, to provide individual segregated accounts to hold client assets. The accounts will be accessible to investors 24 hours a day, every day, and will allow for the provision of banking services if required.
Greenwood, who is credited with leading Thomas Miller Investment, Isle of Man, through its recent period of growth, is set to join as CEO in the coming weeks and is the third significant hire from Thomas Miller after Andrew Tattersall joined as head of private wealth.
In addition, the principals are set to launch four funds, to be managed by its wealth management team under another brand – KHG. The four funds, which are to be managed separately to Creechurch, are due to be launched before the end of the year, pending regulatory approval.
The funds, Diversified Income, Balanced, New World Opportunities and Private Equity, will have a minimum investment of £10,000 making them accessible to a wider range of clients than the services of Creechurch.