The banking industry is a complicated and competitive one. In order to succeed in this line of business, one has to have great knowledge of finance as well as good instincts. These jobs are typically extremely demanding and can be overwhelming for most people. It is on top of being demanding extremely stressful. Despite these common stressors associated with working in the banking industry, some individuals take to it very well. An example of someone who is taken to the financial industry is Mike Bagguley. Mike Bagguley has been in the industry for years and has spent that time accumulating practical knowledge of best practices for the success of the company that he serves.
Mike Bagguley began his career was a strong educational base. This base was carefully laid with a degree from the University of Warwick. During his time at Warwick Mike Bagguley diligently work towards the acquirement of a bachelors of science in mathematics. He achieved his goal of receiving this degree in 1988. Since then he has dedicated his time to becoming an expert on the best practices for being successful in the financial industry. Currently, he works at Barclays PLC. He serves as COO of Barclays PLC.
His position as COO was announced in May 2014. He was given this role at Barclays after their then current COO Justin bull left in April. Mark Bagguley was tasked with a very important mission. This mission was to overhaul the bank. They believe that there was a lot of room for improvement and there were many opportunities to cut out waste within their organization. After reviewing options they came to the conclusion that Mike Bagguley was the perfect man to do just this. Was his expertise he is able to identify what positions are central to the success of the company and which need to be removed. The strategy was announced in May 2014. This ultimately led to the initiation of a three-year plan to remove the 7000 jobs from the company. This accounted for almost a quarter of the investment banks headcount. Since announcing the strategy they have made excellent headway in achieving this goal thanks to the efforts of their new COO Mike Bagguley. This story and more stories like it can be found on Mike Bagguley’s crunch base page.