Mike Bagguley is Barclays PLC’s current Chief Financial Officer (COO). Prior to this role, he was the COO for Barclays Investment Bank, and the former head of macro products and trading for the company. As COO, Bagguely reports directly to the company’s Chief Executive Officer, James E. Stanley. Bagguley’s responsibilities include aligning company technology, rationalizing operating platforms, and executing various strategies for maximum impact.
Over the last few years, Barclays streamlined its investment operations and implemented a three-year strategy to eliminate 7,000 jobs that were a quarter of the headcount at the bank. In 2014, Mr. Bagguley took over the macro product unit after the creation of the division. The department consolidates trading and distribution across credit, rates, commodities, and foreign exchange to streamline bank operations.
Mike Bagguley has enabled the firm to build on significant progress and the executive team is confident in Bagguley. Already he has moved Barclays investment bank to high heights as its COO, to the benefit of its clients.
About Mike Bagguley
Mike Bagguley has worked for Barclays for many years. He has served as the global head and managing director of US Dollar Derivatives Trading at Barclays Capital and led the Commodities and Foreign Exchange unit in Barclays PLC since 2013. He was in charge of all strategic positioning and risk management at the investment entity when it was franchising globally.
Since 2001, Mike has held senior roles in Barclays PLC. He was the head of FX Cash Trading and Interest Rate Swaps. Mr. Bagguley has also held executive positions in leading companies as director, senior vice president, and head of groups like Asian Swap Trading at Merrill Lynch
Additionally, he has worked in LCH. Clearnet Group Ltd as the shareholder representative director since 2011. Mr. Bagguley is a member of the Institute of Actuaries and a Director of the Association for Financial Markets Europe.
Mike Bagguley is a graduate of the University of Warwick where he earned a bachelor of science degree in 1988.