Antonio Horta Osorio talks on Bretix and Uk economy.
Antonio Horta-Osorio is the one who is heading the Lloyds which is the largest retail bank in 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 forced the bank into a crisis due to financial constraints. 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. Antonio has been leading this retail bank 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 effects and uncertainty that looms around Bretix is not without effect to the British economy. 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. One thing that Antonio finds is that EU is not about to disintegrate anytime soon. 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 UK economy is surprisingly high even after the Brexit Most of the consumers continue as though nothing much has happened to make the economy to appear very healthy.
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 other thing the UK economy will have to do is to think about the talent shortage experienced across the country. Other than that there is need to address the productivity issues as well as the importance of economic growth across the country. 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. 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.