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The Art of Mastering Options

Bank CEO Antonio Horta Osorio gives views on Brexit

Antonio Horta-Osorio is the CEO of one of the biggest retail bank in the United Kingdom. For many days the CEO has been seen on the headlines speaking on various issues concerning the bank within the year. The government sold its shares sometimes back from the bank. That forced the bank into a crisis due to financial constraints. 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. CEO Antonio has been in the lead 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 somehow has seen the bank turn around and currently it is reporting profits.

Brexit remains a key issue in British financial growth. 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. This is what the CEO believes in connection with Brexit and banking. The banker thinks that nothing is about to put the EU apart in the near future. It is politically founded to ensure there is peace in Europe. He also says that it is important for the union to hold together as too much 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 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 have to think on the best way to address the skill shortage that is experienced across the entire economy. 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 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 says that the primary focus now is on developing customer trust.