Antonio Horta Osorio talks on Bretix and Uk economy.
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 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 look for support from the government making once again making it own forty-three percent of the bank. The bank right now is back on its feet 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 does not mean that they are not facing challenges as the bailout was not something to ignore. To enable to the bank to make some recovery moves, it has to shut down some branches and stop a number of its employees. That was a significant turnaround for the bank, but as a result it has begun reporting some profits.
The effects and uncertainty that looms around Bretix is not without effect to the British economy. The bank believes its relationship with clients will go a long way in improving its performance. On that note Antonio is focusing on pushing the bank forward to develop 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 politically founded to ensure there is peace in Europe. He also believes there is too much at stake for the union and it should just hold together What is important is the union members’ economy to suffer some structural reorganization. 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. Definitely the businesses will need more reassuring situation about the legal and regulatory environment 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. The banker says that much remains to be done to stabilize the UK economy once again. Antonio says that he is happy with what he is doing in the banking sector and that where he would like to serve. All that is important is to focus on areas of growth. He says what the bank is doing right now is the increase its customer confidence.