Mike Bagguley Promoted To COO Of Barclays Bank In Order To Streamline Operations

Businessman Mike Bagguley has been in the London financial industry since 1988. He has been the chief operating officer of the bank Barclays International since June 2016, a position for which he was handpicked by the Chief Executive Officer Tom King. He is a graduate of the University of Warwick where he earned a bachelor of science degree in mathematics in 1988.

Mike Bagguley first joined Barclays in January 2001 when he was chosen to be the head of EUR IR swap trading. He introduced the first electronic trading service in this role. Two years later he was promoted to the position of head of rates linear and options trading. He left Barclays from June 2006 to December 2008 when he worked for ABSA Bank as the head of markets trading. In this role, he hired an additional 30- traders and increased revenue eight times over.

He was brought back into the Barclays universe at the start of 2009. Mike Bagguley took the role of head of fx trading which in the currency trading department at Barclay Investment Bank. In 2011 his hard work led to Barclays achieving its highest ever ranking in the Euromoney FX survey which was second place. Due to this outstanding success, he was promoted to head of fx and commodities trading in May 2012.

Before taking over as COO of Barclays International he had filled the same position at Barclays Investment Bank. It was his work making this company run much more efficiently that resulted in his later promotion. While serving as the COO of Barclays Investment Bank he had also made the company more nimble and so better able to react to changing market conditions.

For a few years Barclays International has been trying to reduce the size of its investment bank, cut costs, and improve revenues and profits. Mike Bagguley was brought in as the COO of Barclays International because he had shown his ability to achieve a reduction of this type in the past. He was tasked with accelerating the pace of this reduction so that Barclays International can achieve this reduction on the timetable they had set for it.

http://www.ifre.com/pm-barclays-promotes-bagguley-to-coo-of-investment-bank/21225420.fullarticle

Here’s How GreenSky Credit Came To Be

More mobile users browse the Internet than ever before. As time marches onwards, more people will swap over from desktop and laptop personal computers to their smartphones to browse social media, look to Google’s world-hottest search engine to look for answers to countless questions, and otherwise peruse the World Wide Web for their wants and needs from the comfort of their handheld devices.

Early adopters of this ongoing upward trend of people using mobile devices to browse the Internet and use companies’ apps have virtually all benefited from such strategies.

GreenSky LLC, best known for its GreenSky Credit lending program, hopped on board to the mobile phone trend of connecting with customers immediately upon its foundation in 2006, the same year Apple released its revolutionary iPhone. Founder and CEO David Zalik has taken over the niche of providing relatively small loans to business and personal investors across the United States of America since entering the field of consumer lending some 12 years ago, having since sent out roughly $12.5 billion in financing to roughly 1.8 million customers. Some of its customer base’s most popular uses for such financing includes the renovation of homes and buildings, the purchase of solar panels to help companies become more green and civic-minded, and the foundation of medical practices across the lower 48, Alaska, and Hawaii.

David Zalik has played a major part in the resounding success of GreenSky Credit and parent company GreenSky LLC. Without CEO Mr. Zalik’s constant hands=on involvement in and shaping of the company and its future directions of action, GreenSky Credit wouldn’t have likely provided customers with just one billion dollar’s worth of financing in the 12 years he has operated the company.

All of GreenSky Credit’s financing is sourced directly from financial institutions that are insured by the federal government and state charters of the respective states each consumer is located in. Rather than coming up with financing itself, GreenSky Credit turns directly to the aforementioned lenders; GreenSky LLC and its popular mobile app simply serve customers without getting their balance sheets loaded down with debt of its own.

https://www.forbes.com/sites/laurengensler/2017/08/08/greensky-billionaire-david-zalik-home-improvement-loans/#4bee93c16876