News For This Month: Resources

Antonio Horta-Osorio on Brexit issues

Antonio is the CEO of the largest retail bank in the UK. 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 had to negotiate with the government for a financial boost which later the government owned up to 43% of the bank. The bank now is moving in the right direction and making profits. CEO Antonio has been in the lead since 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. As a recovery strategy, the bank had to close some outlets and also to lay off some workers. That was a significant turnaround for the bank, but as a result it has begun reporting some profits.

The effect of Bretix continues to haunt the British economy. One of the major strategies the banker is looking forward to is to increase the customer relationship with the bank. In that line what the CEO is focusing on is to propel the bank in developing a multichannel experience with the customers. The CEO said something about Brexit and banking. The CEO does not see the possibility of the EU crumbling in the near future. It is politically founded to ensure there is peace in Europe. He also says that it is important for the union to hold together as too much is at stake. What is important is the union members’ economy to suffer some structural reorganization. The UK economy is surprisingly high even after the Brexit The customers went ahead with their usual business as though nothing has happened and thus upheld the entire economy.

The economy recovery shows some reassuring signs of its growth. At the same time various companies will depend on the comforting legal and regulatory framework for their operations. The other thing the UK economy will have to do is to think about the talent shortage experienced across the country. 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 his contribution to the banking industry is what he values and he does not want to serve anywhere else. He says it is important to focus on where growth can be realized. He says what the bank is doing right now is the increase its customer confidence.