The chairman of the Guernsey Investment Fund Association has claimed the island will be stronger once the UK has officially left the EU, Guernsey Press has reported.
Paul Smith also said that a no-deal Brexit was now more likely after British prime minister Theresa May's deal with the European Union was rejected by MPs in a crushing defeat on Tuesday this week.
Following May's defeat, Smith commented: "They were in a mess before and there are now in a slightly worse mess. I think we need to be preparing for a no-deal Brexit." He then added: "I think Guernsey will come out of this as strong if not stronger."
The transition period set out for the UK will also appy to the Crown Dependencies.
Dave Sauvarin, country head, Channel Islands at Northern Trust Corporation, also said: "In a week where we are likely to see an unprecedented use of the word unprecedented in the media and in a climate of protracted uncertainty for investors, once again Guernsey delivers.
"Access to markets, demonstrable substance, stability, flexibility, innovation, with a world-class reputation. Some say why Guernsey? I say why not?"