Antonio Horta-Osorio on Brexit issues

Antonio Horta-Osorio is the one who is heading the Lloyds which is the largest retail bank in 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 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. 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 effect of Bretix continues to haunt the British economy. The bank believes its relationship with clients will go a long way in improving its performance. On that note Antonio is focusing on pushing the bank forward to develop a multichannel experience with its clients. The CEO has this to say about Brexit and banking. One thing that Antonio finds is that EU is not about to disintegrate anytime soon. 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 has amazingly portrayed some stability even after Brexit The customers went ahead with their usual business as though nothing has happened and thus upheld the entire economy.

The nature of the economic recovery is a bit reassuring. Definitely the businesses will need more reassuring situation about the legal and regulatory environment for their operations. The other thing the UK economy will have to do is to think about the talent shortage experienced across the country. The economy will have to address the productivity issues and the need to grow in the whole area. 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 thinks that the bank needs to build customer trust.