Michael Bagguley was appointed the Chief Operating Officer of Barclays PLC immediately after Justin Bull stepped out of office in April this year. He was previously serving as the head of the macro products in the same organization and had generated good profit by managing the macro businesses. His Idea of cutting down the interest rates and reducing the foreign exchange regulations earned him confidence from his superiors leading to his appointment.
The Barclays COO attended the University of Warwick and graduated in 1988 with a bachelor of science degree in mathematics. In addition to working as the Chief operating officer, Michael Bagguley is in charge of the commodities and the Foreign exchange docket in the Barclays Capital. He joined Barclays in 2001 on a fixed earning before he climbed up the ladder and was the head of the company branches in several cities like New York, London, Johannesburg, and Tokyo.
Following the move by other investment banks like the Deutsche Bank to cut off trading activities, the company is striving towards maintaining areas that may be slightly affected by the set regulations like private equities and advisory segments. Michael Bagguley is currently reporting to Tom King, the Chief executive officer of Barclays. His key roles include pushing the company’s strategies to lower the costs and maximize their returns effectively. In addition, Mike is expected to control organizational projects and be a part of the executive committee. He has also been given the duty to follow up and manage the infrastructure activities within the organization.
According to his CrunchBase profile, Michael Bagguley has been in the macro products section since last year when the segment was developed to help in streamlining the investment banks operations. This position has been designated to Rob Bogucki and Nat Tyce who are expected to cooperatively superintend the division and deliver better results if not similar ones with Mike.