Michael Bagguley is the current chief operating officer of Barclays PLC. He has been in this position since June 2016. Bagguley originally joined Barclays in London and quickly rose to high profile positions within the company in different cities like Tokyo, New York, Johannesburg, and London. Mike graduated in 1988 with a B.S. degree in mathematics from the University of Warwick. Prior to becoming the COO, he was the head of Foreign exchange and commodities in the Barclays capital. Bagguley also serves as the director general and overall leader of the U.S Dollar derivatives trading.
During his time as the head of the Macro products, Michael Bagguley generated high-profit sales by overseeing the redesign of the macro business and by reducing the interest rates and foreign exchange regulations. The company is currently focusing on sections that have not been damaged by the rules like the equities and advisory areas. Michael was appointed to this position after Justin Bull resigned in April.
Based on his CrunchBase profile, Michael Bagguley reports to the chief executive officer of Barclays, Tom King. In a memo, King shared that Bagguley’s primary duty is to push for the company’s new scheme aimed at reducing costs and increasing profits. Mr. King also mentioned that due to the nature of some of the projects that Bagguley was managing, he would join the Barclays executive committee.
Michael Bagguley is also in charge of infrastructure factors that impact the whole organization. Nat Tyce and Rob Bogucki will take over Bagguley’s former role and they will jointly run the macro products department. Michael Bagguley is such an asset to Barclays PLC that he was promoted to COO at a time when the company was looking to cut trading activities with counterparts in the market such as Deutsche Bank and the UBS.