A well-known name in wealth management in the Isle of Man has become the new sponsor of Steam Packet Company's exclusive on-board lounges.

Nedbank Private Wealth has put is name to the Premium and Executive Lounges on the Manannan and Ben-my-Chree.

The sponsorship package will see Nedbank branding within the lounges and the company's logo appearing on the back of Executive Club membership cards.

The Douglas-based business has a two year contract until the end of 2014.

The lounges offer a range of passenger benefits including upgraded seating, complimentary refreshments and Wi-Fi.

Steam Packet Marketing Manager Renee Caley said the paid-for facilities have proved 'consistently popular' and the company is delighted to have agreed the partnership with Nedbank Private Wealth.