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.
Former Asia Fresh restaurant up to let
Could you run a business from the site of a former sushi restaurant in central Douglas?
Finance leaders from world's poorest countries gather for island conference
Douglas will be hosting government finance leaders from the world's poorest and remotest countries to learn from the island's expertise at a seven-day academic conference this weekend.
Suite justice - advocates open new HQ in Douglas
A Manx legal company is celebrating its new headquarters.
Commercial gas prices for some businesses 'higher than expected', says regulator
The Island's energy regulator says some commercial gas users are paying higher prices than expected.
Pay up says garage after customers rack up 40k in unpaid bills
A car dealership in Douglas says it's changing the way it operates - after customers racked up debts of £40,000 for services.
Regulator warning over fake law firm
When is a lawyer not a lawyer? When they're working for a fictional Island law firm.
Accountant hit with penalty over money-laundering code breaches
An Island accountant has been hit with a penalty of more than £2,300 over failures to follow money-laundering measures.
Food hygiene course postponed after lack of interest
The government says a lack of interest in a free food hygiene course for restaurant, cafe and takeaway owners means it's been postponed.
