Antonio Horta Osorio talks on Bretix and Uk economy.
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 thought to get a boost from the government a move which saw the government own up to 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 does not mean that they are not facing challenges as the bailout was not something to ignore. As a recovery strategy, the bank had to close some outlets and also to lay off some workers. That was a radical move, but it has brought some improvements as the institution now is saying to be making profits.
The change and the effects of Brexit is a major factor in the economy of UK. 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. The reason is that it is based on political standing to spread peace within Europe. He also believes there is too much at stake for the union and it should just hold together However the union economies will have to undergo some organizational changes. The economy of UK did not sink even after Brexit. The economy was able to withstand the storm because the consumers went ahead with buying as usual.
The economy recovery shows some reassuring signs of its growth. 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 have to think on the best way to address the skill shortage that is experienced across the entire economy. Other than that there is need to address the productivity issues as well as the importance of economic growth across the country. There is a lot that needs to be done if the economy has to become a giant again. Antonio says that he is happy with what he is doing in the banking sector and that where he would like to serve. The most important thing to do is to identify the areas of growth and work on that. He says what the bank is doing right now is the increase its customer confidence.