John Hunter will take up the position at the Island's Cherry Godfrey office.
Mr Hunter was most recently head of Banking and Fiduciaries for the Finance Isle of Man Agency.
He has more than 35 year's experience in the sector.
Talking about his new role, Mr Hunter said: he's 'delighted' to be taking up the lead.
Survey wants your views on high street banks
What do you think about your bank?
RL360 hit with £1.95 million penalty by regulator
An Island company has been hit with a civil penalty of almost £2 million by the financial regulator over due diligence and risk assessments.
VIBE named top of the tastes!
A vegan cafe in Douglas has been named overall winner of this year's Manx Menu contest.
Two cruise ships in one day this week
This week will see one of the busiest days of the year for cruise passengers, as two vessels arrive on the same day.
Sanctions regimes against Russia and Syria updated
The Financial Services Authority says businesses on the Island should check their records after two sanctions regimes were updated.
Court to consider Wetherspoons licensing changes
The Island's first Wetherspoons will be in court next month as it makes a licensing application.
Income tax deadline approaches for employers
Employers and contractors are being reminded the deadline for tax returns is fast approaching.
FSA updates sanctions against Belarus, Iran, Russia and Syria
The Island's financial regulator says it's updated a number of Manx sanctions regimes.
