A leading
finance analyst has said that the economy in
Guernsey is still "robust" despite the current credit crunch.
Robert Parker, the vice chairman of Credit Suisse Asset Management, spoke of the island's financial services commission and its plans for maintaining a healthy economy, reports The
Guernsey Press.
He told the publication that
banking problems in the US do not affect the island because the
Guernsey Financial Service Commission focuses on "wealth management, trust, financial planning and private banking" and these factors dictate success and growth in finance.
"The positive effect on
Guernsey is sterling has devalued by about 20 per cent against the euro in the last six months. That clearly has a positive effect for the tourism industry because it is now a place to visit, "added Mr Parker.
Meanwhile, the newspaper recently reported that the largest call centre in the UK is being built using funds from the PFB Data Centre Fund, which is a
Guernsey registered company listed on the
Channel Islands Stock Exchange.
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