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.
Chief minister to face questions over Manx Telecom sale
Pub quiz and sauna among Locate Isle of Man events for new arrivals
Nominations open for women in business awards
Apartment plans for historic bank building
Post Office looking for partners in Foxdale, Jurby and Onchan
Two Douglas developments offered support from government fund
Floating wind turbines could be added to Island's ship registry
Survey wants your views on Island's town centres