Bank CEO Antonio Horta Osorio gives views on Brexit
Antonio Horta-Osorio is the CEO of one of the biggest retail bank in the United Kingdom. He has been on the headline for various reasons during the year. The government has sold its shared held with the bank sometimes back.The government decides to release its shares from the bank sometimes back. That let the bank is financial crisis. The CEO thought to get a boost from the government a move which saw the government own up to forty-three percent of the bank. The bank now is moving in the right direction and making profits. Antonio became the head of the bank in 2011. His Joining the bank has been a big boost as it is now making profits once again. 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.
Brexit remains a key issue in British financial growth. 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 CEO does not see the possibility of the EU crumbling in the near future. It is seen as a political tool to move peace across 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 The economy was able to withstand the storm because the consumers went ahead with buying as usual.
The way the economy is growing it is giving a bit of confidence. At the same time various companies will depend on the comforting legal and regulatory framework for their operations. The UK economy will have to think on the best way to address the skill shortage that is experienced across the entire economy. The economy will have to address the productivity issues and the need to grow in the whole area. There is a lot that needs to be done if the economy has to become a giant again. Antonio says that there is no other place where he can serve better than the back. The most important thing to do is to identify the areas of growth and work on that. He says that the primary focus now is on developing customer trust.