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Barclays Chief Operating Officer; Mike Bagguley

As part of restructuring its business, Barclays bank promoted Mike Bagguley to be the chief operating officer of Barclays PLC. He previously worked as the COO of Barclays Investment Bank. And before that, head of macro markets business in Barclays bank. Bagguley’s role comes with a lot of responsibility as he now reports to the investment bank chief. The restructuring had to happen so that the bank could reduce costs of operation and ensure more profits. As part of this strategy, Barclays Bank transferred their assets, weighted according to risk, into non-core assets. The bank also sought out to streamline its operations by reducing 7000 jobs in a period of 3 years. Mike Bagguley’s primary aim is to ensure this strategy is followed through and achieved. Hence the business can deliver services to their clients as expected.

Mike Bagguley is required to be actively involved in the improvement of infrastructure within Barclays. He also assists in the coordination and delivery of the various projects within set timelines. 

When Mike Bagguley was in charge of macro markets from March 2014 to September 2015, he ensured the macro business had been reshaped, which involved, foreign exchange, product commodities, and interest rates. This clearly shows that he is effective in the tasks that he spearheads. Barclays, among other banks, has resulted in a reduction of trading activities and concentrated on other areas with fewer regulations such as advisories and equities.

Crunchbase gives us a sneak peek on information about Mike Baguley’s education, as stated in his profile. He went to the University of Warwick where he attained a Bachelor of Science in Mathematics in 1988. According to the same site, he is also known as Michael Roy Andrew Baguley. He is based in London and joined Barclays in 2001 on the trading desk. Mike Bagguley is skilled at his work, and it’s evident that he is bringing about the much-anticipated changes within Barclays business.

http://investor.marketaxess.com/news-releases/news-release-details/barclays-names-mike-bagguley-chief-operating-officer-investment