Mike Bagguley is a renowned financial icon in London. He is the current Chief operating officer on the Barclays International. He became part of the Barclays family in 2001 and has led in senior roles in New York, London, Tokyo, and Johannesburg.
Mike Bagguley is an alumnus of the University of Warwick where he graduated with a Bachelor of Science in Mathematics in 1988. He is known as the man in charge of accelerating the delivery of the bank’s strategic renovation. He was promoted to the CEO in 2015 having replaced Justin Bull and reporting to the investment banks chief Tom King.
Previously, Mike Bagguley was the head of the macro products group which is part and parcel of the strategic overhaul. This involved managing trading and distribution rates as far as credit and foreign exchange are concerned in an attempt to reorganize operations.
Barclays had been caught up by the structural and cyclical decline that was in the market due to introduced regulations. During his tenure, Mike saw through that there was a notable turn around. During the third quarter, the bank recorded a 3% increase in macro revenue at £485 million. On the other hand, overall fixed income revenues went down by 2%. Keeping in mind that the IFCC revenues across the Street were down by 25%, this was an outstanding performance by the bank. Since then, Barclays stays on the financial map as being the only two banks recording improved FICC revenues.
Mike Bagguley is an expert when it comes to financial investments. Having overseen the reshaping of the macro business, he is now mandated with the task of overseeing major projects cutting across the bank’s investment portfolio, in addition to aligning its infrastructure. Mike is a man of strategy and the bank vowing to cut down on costs and improve its profit margin, the bank’s management team has picked Mike up to spearhead this strategy.