Mike Bagguley, Barclay’s New Asset for the Investment Bank

Mike Bagguley also known as Michael Roy Andrew Bagguley attended the University of Warwick and received his Bachelor of Science in Mathematics in 1988. Mike Bagguley now holds the position of Cheif Operating Officer for Barclay’s Investment Bank located in London. A position he was promoted to from the head of the macro markets business. Bagguley is tasked with the position to accelerate and leverage the delivery of a strategy that was already in progress for the investment bank’s portfolio. Mike Baggulely has to effectively cut the bank’s cost and improve the bank’s profitability.

Mike Bagguley was also asked to help align infrastructure functions and help coordinate and deliver projects because of his extensive knowledge and background in overseeing the reduction in size and reshaping of the macro market business because it was unprofitable and attempt to streamline the operations. It included interest rates, credit, foreign exchange, and commodity products.

Mike Bagguley also helped turn around the third quarter account with macro markets which makes him a huge asset as the new Chief Operator Officer. He has proven to have great success on showing progress and quickly delivering to clients to improve current relationships as well as creating new business relationships.

Barclay’s goal is to cut back on trading activities so that they can put more focus on others areas, such as equities and advisory because they haven’t been as hurt by the regulation changes. Mike Bagguley is definitely the right guy to take on this position and task for Barclay to get the results they desire and beyond. Bagguley has a proven track record of cutting cost and increasing profits, while still delivering quickly.

I also visited Crunchbase to learn more about him. Mike Bagguley joined the company in 2001 and held senior positions in Tokyo, London, New York and Johannesburg which also makes him a valuable asset because of his experience and knowledge with the company and his diversity in the company gives him greater perspective.

An eye-opener on Nexbank

Nexbank is a leading financial bank based in Dallas, Texas. The bank was founded in the year 1922 and is renowned for successfully and satisfactorily meeting their clients’ financial needs regarding Mortgage Banking, Commercial Banking, and institutional services. The institution provides its outstanding services to corporations, other financial firms as well as individual clients.

In June 2016, the financial institution declared raising a common equity capital of $24 million. According to NexBank’s Chief Executive Officer and President, John Holt, he stated that they were pleased with the capital raise from their shareholders and the proceeds will be used to spearhead the company’s growth.

During the first half of 2016, NexBank Capital reported a total of $38.1 million in net income. Its ROAE stood at 37.6 percent. By June 2016, the total assets recorded a yearly increase of 61 percent by exceeding $3.5 billion. Also, a yearly increase of 49 percent in total deposits was recorded as the total deposits closed at $2.6 billion.

At the end of the second quarter, Nexbank SSB, a regional-based bank stated having a total of $2.5 billion in gross loans. The figure makes up 72 percent of the Bank’s assets. According to Matt Siekielski, NexBank’s Capital Chief Operating Officer and Executive V.P, the huge capital raise will enable the business to grow and soar high in the financial market.

On December 1, 2015, NexBank made highlights after acquiring College Savings Bank of Princeton, based in New Jersey. The Savings Bank’s major was handling saving programs for about 529 colleges. According to NexBank’s President, John Holt, College Savings Bank would retain its name and continue operation as part of Nexbank. He continues to say that the acquisition is a win-win for both parties. Matt Siekielski, NexBank’s Capital Chief Operating Officer, and Executive V.P revealed that the move would create an opportunity for families to save up for college.