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 let the bank is financial 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 right now is back on its feet 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. 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.
Brexit remains a key issue in British financial growth. The bank believes its relationship with clients will go a long way in improving its performance. 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 banker thinks that nothing is about to put the EU apart in the near future. 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. However the union economies will have to undergo some organizational changes. The UK economy is surprisingly high even after the 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 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 banker says that much remains to be done to stabilize the UK economy once again. 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 what the bank is doing right now is the increase its customer confidence.