Although it is likely that Barclays will retain Tom King as its Head of Investment, the bank has however made some notable appointments. Top of these appointments includes the appointment of Mike Bagguley. Before getting appointed as the COO at Barclays PLC, Mike previously headed the investment bank’s macro markets business. Mike was tasked with enhancing the delivery of the bank’s investment strategy that is currently underway. Since his appointment last November, he has effectively helped the investment bank improve significantly on its profitability and reduce operational costs.
His role as COO includes aligning the investment bank’s infrastructural functions with its delivery strategy. Mike Bagguley is further responsible for coordinating and delivering projects. Already, he has successfully reshaped the macro business. The macro business includes foreign exchange, interest rates, and commodity products. He has accomplished this important mission in the wake of declining trading revenues, which have made the macro business largely unprofitable. Mike also works closely with Tom King, the head of Barclays PLC who is expected to retain his seat although a formal announcement is yet to be made. Both Mike and King know the industry pretty well and thus they will keep the investment bank at its top performance.
Mike Bagguley graduated from the University of Warwick in 1988 with a B.S in Mathematics. Besides serving as the COO of Barclays PLC’s Investment Bank, Mike is also the managing director in charge of trading at the Barclays Capital. Mike, as he is popularly known, has been working with Barclays PLC from 2013, where he was entrusted with foreign exchange and commodities. As the head of this department, he handled all aspects involving risks and strategic positioning. He has helped the franchise position itself globally. Mike has also previously held many other senior positions including Vice President of Merrill Lynch and Director of LCH. More can be learned about Mike Bagguley from Crunchbase.
Mike Bagguley has absolutely led to the positive growth of Barclays PLC. He deserves to be appointed to serve the global franchise at a bigger position such as that of COO. Under his undisputed and able leadership, Mike with truly work along with the Barclays PLC team to propel the franchise to greater success.