Finance jobs landscape in Guernsey set to change over next decade
Friday 30th November 2012, 11:00AM GMT.
THE types of jobs available in the Guernsey financial services sector are likely to change radically in the next decade.
There appeared to be general agreement at the Guernsey Financial Services Commission’s industry presentations day that lower-value jobs will be lost to global competition.
Instead, Guernsey will have to focus on added value, said keynote speaker Digby, Lord Jones, pictured.
The former Confederation of British Industry chief is still heavily involved in British manufacturing and highlighted similarities between that industry and financial services.
‘Jobs in financial services have gone and will go and you will be where manufacturing was 10 years ago in Britain [with business being lost to cheaper jurisdictions],’ he said.