Antonio Horta-Osorio on Brexit issues
Antonio is the CEO of the largest retail bank in the UK. For many days the CEO has been seen on the headlines speaking on various issues concerning the bank within the year. The government sold its shares sometimes back from the bank. That forced the bank into a crisis due to financial constraints. The CEO had to look for support from the government making once again making it own forty-three percent of the bank. Currently the bank is making profits and heading in the right direction. Antonio became the head of the bank in 2011. His entrance to the bank has been a big blessing to the institution which is now back to profit-making organization. That is not to say that they are enjoying challenge free zone as the government bailout is viewed as a huge commitment. During its process of recovery, the bank closed several branches and cut off several jobs. That was a radical move, but it has brought some improvements as the institution now is saying to be making profits.
The effect of Bretix continues to haunt the British economy. One of the ways that the bank thinks will help is to strengthen the ties with the customers. Because of that the CEO is planning to push the bank forward so that it can come up with ways of developing a multichannel experience with its clients. This is what the CEO believes in connection with Brexit and banking. The banker thinks that nothing is about to put the EU apart in the near future. The reason is that it is based on political standing to spread peace within Europe. He also says that it is important for the union to hold together as too much is at stake. However the union economies will have to undergo some organizational changes. The UK economy is surprisingly high even after the Brexit Most of the consumers continue as though nothing much has happened to make the economy to appear very healthy.
The nature of the economic recovery is a bit reassuring. The business will have to be reassured as far as the regulatory and legal activities are concerned if they are to do well. The UK economy will also need to address the shortage of skills that exist across the economy. Other than that there is need to address the productivity issues as well as the importance of economic growth across the country. The CEO believes that to put the economy back, some effort is needed. Antonio says that there is no other place where he can serve better than the back. He says it is important to focus on where growth can be realized. He thinks that the bank needs to build customer trust.