Archive for the ‘COO’ Category

Barclays Appointed Mike Bagguley as the COO in 2016

Thursday, July 12th, 2018

The appointment of Mike Bagguley in 2016 as part of the Barclay executives’ team was the right move towards improving Barclays PLC. Bagguley was appointed as the Chief Operating Officer to ensure that the company is back to its former glory. Earlier on before the appointment, Mike Bagguley served as Barclays’ investment bank COO, and also head of the macro markets unit. Bagguley now reports directly to the chief executive officer of the bank.

During his time as the head of the macro products, Mike oversaw the reshaping of the interest rates, commodity products, and the foreign exchange. This was all happening when the general industry was experiencing low revenues, but he imposed stringent regulations that enabled the bank to see profitability.  Barclays, which is based in London, has worked in the past to slim down their investments and improve the profitability.

Despite a financial year that was seen as the lowest in the whole banking industry, the macro product department that Mike Bagguley headed was able to realize profits. Barclay joined several banks who were in the process of cutting down their activities to focus on other trading areas less hit by hard regulations like advisory and equities.  The macro business desk was left in the hands of Rob Bogucki and Nat Tyce who were the co-heads of the macro trading together with the head of the macro distribution Kashif Zafar. The trio is jointly in charge of the macro products businesses.

Mike Bagguley joined Barclays in 2001 where he served at the fixed income desk in London. Bagguley has also held other senior roles with the company in Tokyo, Johannesburg and its New York Branches. According to Crunchbase, Bagguley has a B.S in mathematics degree from the University of Warwick.

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