A well-known businesswoman in the Isle of Man has taken on a new role.

The Personal Finance Society has named Thornton Chartered Financial Planner’s Sharon Sutton as its new president for 2017/18.

Ms Sutton takes over from Nick Turner, who has stepped down from the board after completing a 12-month rotation as president of the professional body and six years as a member director.

The leadership change was formalised at the society’s annual general meeting.

Ms Sutton has over 30 years’ experience working in financial services, having held a number of senior roles at Thornton, Marsh and Barclays.

She is a fellow of the Personal Finance Society and was chairman of the Isle of Man region from its inauguration until 2012.

She was the president of the Isle of Man Insurance Institute for the year 2011/12 which saw the centenary celebration of the CII and the 25th anniversary of the Isle of Man local institute. Last year she was appointed vice president of the Personal Finance Society.

Personal Finance Society chief executive Keith Richards welcomed Ms Sutton’s appointment, and paid tribute to the society’s outgoing directors.

’Sharon is an incredibly welcome addition to the PFS as its president for the year ahead,’ he said.

’Her experience will be invaluable in helping us further evolve our role as a professional body and I look forward to working closely with her over the next 12 months.’

Ms Sutton said: ’I’m really proud to have been appointed president of the Personal Finance Society. My main goal for the year ahead is to advance the practice and profession of financial planning so to encourage our members and the wider personal finance profession to embrace the use of such tools and techniques that may help them and their clients achieve excellent outcomes.

’I look forward to working with Keith and the team.’