When examining the financial powerhouses of investment banking, financial institutions such as Barclays Plc. provide an exceptional track record and standing credibility for all forms of potential monetary investment. Taking a closer look, the meticulous diligence of the Board members, in this particular case, Mike Bagguley the Managing Director and Global Head of U.S. Dollar Derivatives Trading, shines through as a crucial key player in providing the intellectual support needed to move Barclays Profit margin forward . Mike Bagguley was entrusted with the job of completely restructuring and accelerating Barclays Business plan in regard to a trim and reshaping of the interest rates, foreign exchange and commodities products.He was also asked to help project and deliver projects prior to the appointment.
Mike Bagguley had been tasked with the reduction and reshaping of the macro business, which included interest rates, foreign exchange and commodities products, as trading had proven to hit a new low profit margin due to active regulation. Barclays appointment of Mike Bagguley as chief operating officer was tasked with accelerating delivery of the strategy that was already taking place as previously mentioned – to effectively cut costs and improve profitability. Mike Bagguleys’ appointment came after the abrupt leave of former COO Justin Bull, but Mr Bailey has held previous senior roles within the company since 2001.
With a BS in mathematics from the University Of Warwick, Mike Bagguley possess the correct assets to improve overall revenue and moral in a business where profit margins grow marginally smaller everyday. A quick Crunch base search provided additional details regarding current projects he is involved with and shareable marketplace data. Despite the high risk and natural volatility of the given work place, Mike Bagguley possesses an admirable role in society’s underbelly. After a close look at his track record and former marginal turn around, its rather simple to deduce his immediate promotion to COO of Barclays Plc. was a business savvy plan.