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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 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 has been leading this retail bank since 2011. That has seen the bank turn around into fortunes gain. That does not rid the bank from challenges because the bailout from the government is looked at as something that is quite a challenge. 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 change and the effects of Brexit is a major factor in the economy of UK. One of the major strategies the banker is looking forward to is to increase the customer relationship with the bank. 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 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 politically founded to ensure there is peace in 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 economy of UK did not sink even after Brexit. The customers went ahead with their usual business as though nothing has happened and thus upheld the entire economy.
The economy recovery shows some reassuring signs of its growth. The business will have to be reassured as far as the regulatory and legal activities are concerned if they are to do well. 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 that he is happy with what he is doing in the banking sector and that where he would like to serve. All that is important is to focus on areas of growth. He thinks that the bank needs to build customer trust.