Mike Bagguley is the COO of Barclays PLC in London, England. He obtained his B.S. in Mathematics from the University of Warwick in 1988. After visiting Mike Bagguley CrunchBase profile to learn more about him, I discovered an article from Reuters about the former head of Barclays investment bank, Tom King.
Jes Staley will remain in control as the chief executive. Since May 2013, King was the CEO, but he left the bank on March 4, 2016. The bank decided to not replace him and save money. Barclays added a corporate and international arm, but needs someone to lead it. In December, Barclays made Staley the CEO. He cut jobs, exited 9 countries, put a halt to cash equities, and stopped precious metals trading. Staley was content with the new size of the investment bank. The leaders of market teams and banking directly report straight to Staley. He is now the interim CEO of Barclays Corporate and International.
Joe Gold, who runs its American business, is now the deputy CEO of BC&I. Richard Taylor and Joe McGrath are senior investment bankers. Joe Corcoran is the head of markets. Andy Jones is the head of Asia, and the corporate banking is run by John Winter.
The new chief operating officer was the head of the macro markets business, Mike Bagguley. Mike Bagguley aligned infrastructure functions and helped deliver projects. He oversaw the macro business’ size reduction and reshaping. People believed that Staley didn’t hire someone new because no one was interested. He asked Blythe Masters, but she was focused on running Digital Asset Holdings. Some US bankers didn’t want the job because of new rules in the UK that could arrest them for patch problems. With the help of Mike Bagguley and others, Barclays has cut its’ risk-weighted assets in half and plans to cut more costs in the future.