Mike Roy Bagguley is the chief operating officer of investment at the Barclays Bank PLC since November 2015. Mike Bagguley attended the University of Warwick, studied Bachelor of Science in Mathematics, and graduated in 1988. He has extensive experience in his area of specialization. Prior Mike Bagguley has served as the Head of Commodities and Foreign Exchange at the Barclays Bank by 2013. In this position, he was responsible for strategic positioning and risk involved activities internationally. Further, Mike Bagguley has served senior positions at critical institutions as the director, Head of the Asian Swap Trading at Merrill Lynch as well as the senior vice president.
Mike Bagguley as the chief operating officer promoted to replace Justin Bull his role resumed immediately after taking office, and he was tasked to improve delivery the Barclays Bank’s strategic refit that was realized before. The strategy revealed in 2014 condemned the Barclays Bank transfer 90 billion British pounds risk-weighted assets to a non-core unit. The bank further streamlined her main investments banking procedures and deliberated on a three-year action plan to suspend over 7,000 jobs that are almost a quarter of the bank’s headcount. Mike Bagguley took mandate of the macro products group in 2015 when the placement was initiated to support the strategic overhauling plans by the Barclays bank. The group amalgamates distribution and trading rates, credit, foreign exchanges among other commodities in their plans to reinstate the operations in a trade that had been stalled by cyclical and structural drop.
From the CrunchBase source, Mike Bagguley in his tenure in operating the division achieved to some extent. The third quarter raised by 3% when compared to the year 2014 and the overhaul incomes gains were realized to be about 2% in reduction. The 2% decline outperformed the average reduction of 25% in FICC revenue experienced. As such, Mike Bagguley enhanced the Barclays bank to be between the only two distinguished banks having a record on improvement in the FICC revenues. Mike Bagguley efforts and extensive experience have aided the Barclays bank to achieve hence deliver to their customers their business potentiality.