A Douglas-based corporate financial advisor is restructuring its senior management with two new promotions.

The MAC Group, based in Athol Street, says Nigel Gregg has been promoted to group managing director, while Jon McGowan takes the role of group chief executive.

In a statement, the company says the two appointments will focus on expanding its business, with possible acquisitions in the future.

The news comes as the group celebrates its 10th anniversary.