Mike Bagguley serves as Chief Operating Officer of Barclays, an investment bank based in London, England, well known as a giant in the banking industry. He has been in the position since June of 2016. As Mike Bagguley took over the role, Barclays was in the middle of some major changes, as the bank was overhauling and streamlining operations. Reducing staff and leaving former business partnerships was part of the strategy to help the bank adapt to regulation increases and investor decreases. Bagguley was thought to be the man for the job and was given the challenge to accelerate the process of improving profits and cutting costs. He also had the additional responsibilities of aligning infrastructure, coordinating major projects, and joining the executive committee.
The job ahead was not an easy one, but fortunately, Bagguley had been a part of the Barclay team for fourteen years before he became COO, and therefore knew well the objectives the bank hoped to achieve. Before being appointed to the position, Bagguley had served as the head of the company’s macro products division, which includes interest rates, and foreign exchange products. He gained useful knowledge and experience in that time as he successfully negotiated trades and executed deals. Bagguley was already familiar with downsizing, as the macro business had undergone the same size reduction and reshaping efforts, due to the effects of tougher regulations and falling trading revenues. The turnaround was a slow process, but the division had started to see success under Mike Bagguley’s direction, with revenues rising.
On the Crunchbase profile for Mike Bagguley, viewers can learn additional information about Bagguley. For example, his full name is listed as Michael Roy Andrew Bagguley. He graduated from the University of Warwick, in 1988, with a B.S. in Mathematics. For further information on Bagguley, there are also links to his LinkedIn and Twitter accounts.
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