Mike Bagguley has been appointed as the chief operating officer in charge of the investment banking unit by the Barclays bank. He has been promoted from his previous position as the head of the macro markets units with the intention of returning the firm to its past glory days. Mike will report to Tom King, the chief executive of the investment bank.
This is one of the newest changes at the Barclays bank. Some few weeks ago, Jes Staley, who previously worked at JP Morgan, replaced Antony Jenkins to become the new chief executive. Analysts have said that these changes might strengthen Barclay’s investment banking business
Mike Bagguley performed excellently while at the macro business unit. He played an essential role during reshaping of the interest rates, commodities products, and foreign exchange when there were stricter regulations regarding trading revenues in the industry. According to the Barclays, the primary duty of Mr. Bagguley will be to organize and coordinate the investment bank’s significant projects.
A few months ago, John McFarlane, the Barclays chairman, said that the priorities of the bank are to reposition its investment bank. Mr. Jenkins was appointed as the head of the investment banking unit in the year 2012. He was given the mandate to restore confidence in the group. However, he has been replaced to help speed up the process of restoring confidence in the unit.
About Mike Bagguley
Mike Bagguley has been working as the Chief Operating Officer at the Barclay’s Investment Bank since 2015. He acts as the managing director as well as the Global Head of the FX Trading at the Barclays Capital. He was also in charge of the Commodities as well as Foreign Exchange at the same bank since 2013. He has also held other senior positions at the bank.
Mike Bagguley has been a shareholder Representative Director of the LCH Group Holdings Limited. He is also a Fellow at the Institute of Actuaries. He is an alumnus of the University of Warwick. He graduated from the Institution in the year 1988 with B.S. Mathematics.
Most of the information about Mike Bagguley in this article was extracted from his Crunchbase.