Antonio Horta Osorio talks on Bretix and Uk economy.
Antonio is the CEO of the largest retail bank in the UK. He has been on the headline for various reasons during the year. The government sold its shares sometimes back from the bank. 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 became the head of the bank in 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. During its process of recovery, the bank closed several branches and cut off several jobs. That was a radical move, but it has brought some improvements as the institution now is saying to be making 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. 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. 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 has amazingly portrayed some stability even after Brexit Most of the consumers continue as though nothing much has happened to make the economy to appear very healthy.
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. What remains is also to discuss the importance of economic growth and productivity that is necessary for the entire region. 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. 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.