He was the Chief Executive of Old Mutual Asset Managers,Kenya, and Managing Director of Kestrel Capital (E.A.) Limited, having previously worked for Peat Marwick, Cayman Islands, Arthur Andersen & Company and the Prudential Corporation P.L.C. in London. Mr. Ashley serves on the board of several companies including Apollo Investments Limited, Apollo Life Assurance Limited, Apollo Asset Management company Limited and Proctectors Limited, etc. He was also the founding Chairman of Fund Managers Association of Kenya and previously served as a member of Market Leaders Forum Central Bank of Kenya. He serves as a Chairman on ARM's Board, Director of Maweni Limestone Limited, ARM Tanzania Limited, Mafeking Cement Company in South Africa and member of ARM's Audit Committee.