Antonio Horta-Osorio is the one who is heading the Lloyds which is the largest retail bank in UK. For many days the CEO has been seen on the headlines speaking on various issues concerning the bank within 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 forced the bank into a crisis due to financial constraints. The CEO thought to get a boost from the government a move which saw the government own up to forty-three percent of the bank. The bank right now is back on its feet and making profits. Antonio has been leading this retail bank since 2011. His Joining the bank has been a big boost as it is now making profits once again. 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 significant turnaround for the bank, but as a result it has begun reporting some profits.
The effect of Bretix continues to haunt the British economy. One of the major strategies the banker is looking forward to is to increase the customer relationship with the bank. On that note Antonio is focusing on pushing the bank forward to develop a multichannel experience with its clients. The CEO said something about 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 What is important is the union members’ economy to suffer some structural reorganization. The UK economy has amazingly portrayed some stability even after Brexit The economy was able to withstand the storm because the consumers went ahead with buying as usual.
The nature of the economic recovery is a bit reassuring. The business will have to be reassured as far as the regulatory and legal activities are concerned if they are to do well. The UK economy will also need to address the shortage of skills that exist across the 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 there is no other place where he can serve better than the back. All that is important is to focus on areas of growth. He thinks that the bank needs to build customer trust.