Bank CEO Antonio Horta Osorio gives views on Brexit
Antonio is the CEO of the largest retail bank in the UK. Many are the times when the CEO has been on the headline speaking about various issues about the bank in 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 affected the bank financially and entered into 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. That has seen the bank turn around into fortunes gain. 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 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 major strategies the banker is looking forward to is to increase the customer relationship with the bank. 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. 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 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. 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 way the economy is growing it is giving a bit of confidence. 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. What remains is also to discuss the importance of economic growth and productivity that is necessary for the entire region. The CEO believes that to put the economy back, some effort is needed. 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 that the primary focus now is on developing customer trust.
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