Renowned UK bank Barclays Plc has recently announced that its Macro Markets head Mike Bagguley is being promoted to the position of Chief Operating Officer for the firm. Barclays is a highly acclaimed investment bank and Mike Bagguley will now be responsible for overseeing a massive restructuring of the company’s business operations. This move is part of an overall push that Barclays is making to improve its profitability by cutting down on costs. Mike Bagguley is the individual that the company is now turning to in order to put this plan into motion. He will also work towards a goal of aligning the bank’s infrastructure as well as coordinating on numerous projects. As part of this move, Mike Bagguley is now the newest member of the Barclays executive team.
Mike Bagguley is a graduate of Warwick University where he earned his Bachelor of Science in Mathematics back in 1988. Since then, he has held numerous important positions in the financial industry that include serving as the VP of Bankers Trust. He held that position from 1993 until 2001. Since then he has been involved with Barclays in a number of different roles that have lead up to his current appointment as COO. Crunchbase is an outstanding site to find out more about Mike’s career as well as what he has going on regarding his work.
Mike’s previous success in helping the reshape Barclays macro business is a major reason that he has been promoted to the highly respected position of COO. Barclays is one of a handful of major banks that are now focussing more prominently on areas such as advisory services and equities during this time when areas such as trading have been affected greatly by the presence of regulations. Mike will now report to Tom King, the Investment Bank Chief at Barclays, in this new Chief Operating Officer role which has taken effect immediately upon its announcement. This overall of these areas of Barclays business is something that the investment banking firm has been actively pursuing since 2014. This program has seen a streamlining of the firm’s primary banking operations related to investment. As things stand now, this restructuring promises to yield the desired results.
The work history of Anil Chaturvedi may look easygoing, but it could not be farther from the truth. It is filled with challenges, risks and dedication that only those who have the passion for banking can go through. Mr. Chaturvedi is regarded by many authorities to be a seasoned banker already in the field of commercial and private banking, but his real contribution to the banks that he’s served comes in the form of his consultancy and disciplined strategies that protect his clients’ assets.
While Mr. Chaturvedi may look like composed and easy-to-understand, it doesn’t mean that he oversimplifies concepts and strategies more than is necessary. It may be from his school years at the Meerut University in 1971 that he was able to learn these empirical skills needed for his later career. Mr. Chaturvedi also went to the Delhi University, where he received his M.B.A, and afterwards, went to hold prestigious positions in the banking industry. Some of these include being the Branch Manager at the State Bank of India. His skills have also brought him to become the Country Head for the firm, ANZ Grindlays Bank, based in New York.
The calm demeanor of Mr. Chaturvedi may betray the fact that his skills in investments are high-caliber, but the banking industry has already established him as a strong foundation in any type of project that he’s in. He has already four decades in his name as a banking officer, and four decades is enough of a test to know that his expertise and knowledge have already been time-tested. This means that his wisdom is something that no new beginner or finance officer who just graduated from a prestigious university could replicate.
Another highlight in Mr. Chaturvedi’s career would be his position for Merrill Lynch, which is highly regarded to be one of the largest banks in the world. He held his position from October 1993 – July 2011, and his skills in management there had helped the bank gain traction and lead in the field of private banking for markets in Europe, Asia and USA. His specialty in the firm would be to tailor plans, strategies and hedge protection for investment solutions for individuals that have high net worth.