Mike Bagguley: From Head to COO

When visiting the crunchbase page of Mike Bagguley, I was able to see quite a bit of information. For instance, he went to the University of Warwick where he got his B.S. of Mathematics in 1988. I could also see that he’s the COO of Barclays PLC and he’s from London.

While looking at the news and articles on the page of Mike Bagguley, I saw an article that caught my attention. It was actually about him being appointed the COO of Barclays PLC and some of the things that he will be responsible for. I’m going to talk about the article below, but it explained everything very well and really helped explain his new position!

Before becoming the chief operating officer, he was the head of macro markets. This new role will have him reporting to the chief executive of the bank. This promotion was kind of a power move after another big bank replaced their chief executive and it was said that they did this to try and make their business stronger. Barclays PLC saw this and needed to make promotions within their company as well, so they didn’t could keep their presence up as well. They don’t want to be outdone and they definitely don’t want to become obsolete, so these promotions were essential to keep their business operating.

While being the head of the macro market, Mike Bagguley did was in charge of many things, some of which were: interest rates and foreign exchange. He knows what it’s like to be the head of a department, so being the COO won’t be such a shock to him. This is one of the reasons he was promoted and they didn’t hire someone from the outside. They didn’t want to spend money and resources on training someone new when they already had someone who knew pretty much everything he needed to know for the job. With his new position, one of the biggest things he’ll be doing is helping coordinate projects from all over the bank. This means he needs to be on his toes and make sure he gives it 100% every time.
https://uk.reuters.com/article/uk-barclays-investmentbank-coo/barclays-picks-new-chief-operating-officer-for-investment-bank-idUKKCN0T60SU20151117