How I Became An Expert on Resources

Antonio Horta-Osorio on Brexit issues

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 forced the bank into a crisis due to financial constraints. 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. The bank right now is back on its feet and making profits. Antonio became the head of the bank in 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. 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 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. 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. 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 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 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 way the economy is growing it is giving a bit of confidence. At the same time various companies will depend on the comforting legal and regulatory framework 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. 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.