Mike Bagguley began his career by obtaining a degree in mathematics from the University of Warwick. His decision to go into the financial services was based on an inner interest towards the type of company structures that would allow him to one day become a COO for an experienced company. Mike Bagguley is now the acting COO for Barclays. As far as companies go you cannot get more experienced than Barclays. It has been around for what seems like centuries. In fact, they can trace their heritage all the way back to 1690 when their original founders began trading as goldsmiths within their local community. This was the first taste than anyone had in the financial community and it is considered one of the birthplaces for such things. Mike Bagguley now occupies a very coveted spot because of the exceptional prowess he has shown within his field.
The reason Mike Bagguley was elected his position is that Barclays has gone through a bit of a personnel change as of late. “Barclays set to skip replacing King as head of IB”, which can be found on Mike Bagguley’s Crunch Base profile, highlights some of the changes that are being made after the well-known CEO Tom King decided to step down from his position as CEO of the company. While he was a leader of the company with Jes Stanley his departure did leave a little bit of a vacuum. In order to facilitate that change in leadership Barclays decided to add more layers of executives into the framework of the company. The COO position for Mike Bagguley is an attempt to facilitate better structures of management.
Mike Bagguley has also proven that he will be an exceptional member of the team through his previous business practices in his roles at Barclays and other companies. He has been given a chance to display some of the leadership qualities that had set him apart from his competitors for the role. He will implement new plans to help facilitate more profitable yields for the company and hopefully help them trim away useless spending practices in the future.