Mike Bagguley named as COO of Barclays Bank PLC

Michael Andrew Roy Bagguley, simply known as Mike Bagguley, has assumed the role of the Chief Officer of Investment Bank of Barclays PLC since he was appointed to the role way back in 2015. In a bid to reshape or bring a new face in its investment banking, Barclays PLC saw it vital to appoint Bagguley as the head of the unit.

The appointment of Mr. Bagguley was not out of luck or favor. Prior to his appointment, Bagguley had slightly more than 13 years of experience in the field of macro markets, an aspect that promised to be chief towards his appointment with the bank hoping to accelerate its restructuring process in the face of cut-throat competition and the need to stay relevant. Mr. Bagguley reports to Tom King who acts as the chief executive of the investment bank.

Mike Bagguley had previously overseen the reshaping and subsequent reduction of Barclays’ Bank PLC macro business that included foreign exchange, interest rates, and commodities products with trading revenues across the industry failing coupled with tougher regulations hitting hard on profitability. A significant role of Bagguley duty was to coordinate some of the groundbreaking projects across Barclays Bank PLC.

Bagguley’s has managed to serve or act under a number of roles. For instance, he served as the Global Head and Managing Director of United States Dollar Derivatives and also as the Head of Foreign Exchange and Commodities at Barclays PLC since 2013. He has also held other senior roles such as being the Chair of FX Cash Trading coupled with being the Head of Barclays Capital’s Interest Rate Swaps within the Bank’s Fixed Income Division located in New York.

Besides the above, Mr. Bagguley has also served in other senior positions at some of the leading institutions across the globe such as being the Director and Chair of Asian Trading Swap at Merill Lynch and also as the Senior Vice President and the Chair/Head of Trading Hong Kong during his time at Sanwa FP Co LLC.

Mike Bagguley is a well-educated person. He is a specialist in the field of Mathematics that he earned at Warwick University in 1988. Before that, he attended high school at Peterborough High School located in South Australia.

https://www.wsj.com/articles/barclays-names-mike-bagguley-as-chief-operating-officer-of-investment-bank-1447758213

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