The States approved the incorporation of the Island’s postal service in July and a campaign was launched by recruitment company Hassell Blampied to find suitable applicants.

Bob Hassell said that of the ‘large handful’ of local applicants the panel had a good range of choice, but on balance Mr McPhail offered the ‘best package’.

Scotsman Mr McPhail (50), who for the past two years has been a strategic consultant to RBSI, said he had been attracted to the role because it was ‘quite an interesting company’ and he believed the job suited his skill set as a strategist and marketeer.

executive in August 2002 to concentrate on the bank’s strategy.