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Antonio Horta-Osorio on Brexit issues

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 has sold its shared held with the bank sometimes back.The government decides to release its shares from the bank sometimes back. That affected the bank financially and entered into 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 now is moving in the right direction 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 does not mean that they are not facing challenges as the bailout was not something to ignore. 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.

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. 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 wishes that the instrument of peace does not disintegrate as there is a lot that is at stake. However a number of structural reforms will be needed in the union economies. The economy of UK did not sink 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 UK economy will have to think on the best way to address the skill shortage that is experienced across the entire 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 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.