Barclays has been doing well since it was established. This doesn’t mean it hasn’t been through some financial challenges. However, it has established some profound mechanisms it uses to stay on top in the banking industry. Although many people just see a well-doing banking company, they rarely think about the leaders behind the glory they see. The banking investment company would not have made such huge economic strides without the input of some great leaders like Mike Bagguley. The bank realized the only way to remain influential across the globe is through promoting some of its gifted employees to the senior positions. This saw Mike join the executive team of the Barclays bank in 2015 as the COO.
As the new Chief Operating Officer, Mike had to formulate some new strategies to push the banking company to the next level. As the COO, he was in charge of all the operations of the company. Mike headed the unit of the macro markets before he rose to his new senior position. Mike Bagguley no longer reports anything about the bank to the other leaders in the bank. He reports directly to Tom King who serves as the bank’s CEO. Mike devoted himself to his junior tasks until the senior leadership noticed him and marked him for promotion.
If you are faithful with the little, nature has a way of making you in charge of much. While Mike Bagguley was working in the macro market department, he reshaped the foreign exchange, commodity products, and interest rates. The revenues in the general industry were low when Mike introduced these changes in the bank. However, the stringent regulations he outlined helped the bank to record some handsome profits. The London-based bank has various noteworthy products that Mike coordinates.
Before Mike got promoted, the bank intended to slim down its investments to improve its profit margins. The entire banking industry was experiencing a low financial season that year, but the macro product unit that Mike headed earlier recorded some good profits. Mike Bagguley became an employee of the Barclays Investment Bank in London in 2001. His responsibilities revolved around the fixed income desk. However, he has also served in some other branches of the bank such as those in New York, Johannesburg, and Tokyo. Mike was in Warwick University where he attained a degree in mathematics.