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. 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 had to look for support from the government making once again making it own forty-three percent of the bank. The bank now is moving in the right direction and making profits. Antonio has been leading this retail bank 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 somehow has seen the bank turn around and currently it is reporting profits.
The effects and uncertainty that looms around Bretix is not without effect to the British economy. 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. The CEO said something about Brexit and banking. The banker thinks that nothing is about to put the EU apart in the near future. It is seen as a political tool to move peace across Europe. He wishes that the instrument of peace does not disintegrate as there is a lot that is at stake. 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 nature of the economic recovery is a bit reassuring. At the same time various companies will depend on the comforting legal and regulatory framework for their operations. 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 his contribution to the banking industry is what he values and he does not want to serve anywhere else. He says it is important to focus on where growth can be realized. He says that the primary focus now is on developing customer trust.