UK Investment Bank Executive Mike Bagguley

Financial executive Mike Bagguley had worked within the Barclays company in its macro markets business for a number of years before recently being promoted to the position of Chief Operating Officer of its investment bank. Because of his successful managing of the macro division, which saw a 3% increase in revenue under his strategic leadership, he was called on to restructure Barclays’ banking division in the same manner. He reports directly to the bank’s CEO Tom King, and together they work on ways to cut costs and increase profitability.

Mike Bagguley is on the bank’s executive committee, and he is also responsible for helping coordinate and deliver on assigned projects. Barclays is one of several banks of its kind to slim down its trading activities and focus more on things like equities and advisory, because of the fact that these things have been less affected by government regulation. Under the direction that the new COO has been taking the investment bank in, it is now one of only 2 banks that has managed to improve FICC revenues.

After earning a Bachelor of Science degree in Mathematics from the University of Warwick in 1988, Mike Bagguley later went on to work on the Barclays’ fixed income trading desk in 2001 in its London office. He also held several other senior positions in cities like Tokyo, Johannesburg and New York. On top of being in a leading role at Investment Bank at Barclays, he also serves as Managing Director and Global Head of US Dollar Derivatives Trading and FX Trading at Barclays Capital.

Mike Bagguley, who was born Michael Roy Andrew Bagguley, and prefers to be called Mike, has worked within the banking division at Barclays since November of 2015. He is, as well, involved in a number of other organizations based in the financial sector. He acts as the Director of the Association for Financial Markets Europe, and he is a Fellow of the Institute of Actuaries. In his new position as the COO of the Investment Bank at Barclays, he replaced its previous top executive Justin Bull, who left the bank in April.

https://uk.reuters.com/article/uk-barclays-investmentbank-coo/barclays-picks-new-chief-operating-officer-for-investment-bank-idUKKCN0T60SU20151117