Mike Bagguley Appointed As the New Chief Operating Officer

Barclays has appointed a new chief operating officer to beef up its investment banking sector in a bid to return its operation to its former glory days. Mike Bagguley, who has been serving as the head of macro markets unit has been promoted to this high-ranking role with an immediate effect. He is supposed to report to Tom King, who is the chief director of the investment bank.

This development is the newest change at the top management team of the banking giant, which also confirmed that Jes Staley who was the former banker at JP Morgan will be the new chief executive. According to analysts, this move signals a bid to reinforce its investment banking business. Under his leadership, Mr. Mike strived to oversee the reduction and reshaping of the banks’ macro business that included interest rates, foreign exchange products, as the trading income in the entire industry have dropped and rigid regulation affect profitability.

According to the statement released by Barclays, the role of Mr. Bagguley will include coordinating key projects across the investment bank. Recently, the bank nominated Sir Garry Grimstone as its Vice chairman, as the lender continues to grow its concentration on investment banking. Before being given this position, Sir Gerry has worked for 13 years with a financial group Schroders in New York, Hong Kong, and London. He served as the duty-chairman of Schroder’s worldwide investment banking activities.

John McFarlane pointed out that the reposition of its investment bank was one of the key priorities. In 2012, the bank appointed Mr. Jenkins during the aftermath of the Libor rate-fixing scandal. He changed the investment banking way of doing business by coming up with a mandate to steady the bank and restore confidence in the group. Barclays investment bank was established by its ex American chief executive officer Bob Diamond.

Mike Bagguley worked as the Director of Products and Foreign Exchange at Barclays Investment Bank as from May 2013. Mr. Bagguley was accountable for every phase of risk and premeditated positioning for Barclays Capital FX franchise internationally. Mike Bagguley went to Warwick University where he graduated with his Bachelors of Science in Mathematics in 1988.

https://www.investmentbank.barclays.com/news/10-years-of-partnership-with-donmar.html

Tips for A Successful Business By Paul Herdsman

 

Paul Herdsman is a successful businessman born in Kingston, Jamaica. He is the Chief operating officer and co-founder of NICE GLOBAL, which was established in 2014 in Montego Bay, Jamaica. Although he had no experience when he started, he has been able to run the company through knowledge, dedication, and hard work.

 

Nice Global offers customer retention, cost reduction, and revenue advice to companies. They also provide customer outsourcing services, back-office operations, outsourced emailing, sales management, customer support during off hours among others. Paul Herdsman shared a few tips that made the company to succeed.

 

Culture Creation and Investment in Players

 

According to Paul, culture creation is the key to customer retention. Instead of training new staff, it is better to create a working family for the company. Nice Global, for example, has a family feeling in their offices. This promotes employees’ growth. Secondly, he insists on giving employees proper training and development. His company invests heavily in joiners and other employees to make sure that the company performs well.

 

Rewarding Employees and Understanding Positions

 

Paul argues that many employees pretend to be busy but they end up wasting a whole day in office. In order to encourage best performers in the company, Nice Global uses key performance indicators to identify hard-working employees. In a company, there are many departments working in coordination with each other. All employees should understand and respect the operations of all business units, a lesson Paul Learnt during his early career.

 

Recruit Best Employees and Solve Clients’ Problems

 

Through an employee referral program, Paul has managed to get the best employees for his company. Also, he prefers candidates who are better than him to help grow the company. Proper evaluation through phone calls and face to face interview is done to make sure the person is qualified. According to his observation, businesses that help their clients solve problems are more successful. There is need to focus on the client than the company itself. See This Page for more information.

 

Source: http://weeklyopinion.com/2018/06/lessons-entrepreneur-paul-herdsman/

Paul Herdsman Advises Employers And Business Owners To Understand Every Position In The Business

One of the mistakes some employers might make is not understanding the positions of the people in the company. Paul Herdsman does admit that there is value in knowing all of the departments. However, it is important for each person’s role in the company to be understood by the boss. This makes the workings of the company go more smoothly. One reason that Paul Herdsman recommends this is because he has learned that this was important very early on. For one thing, he was sent to every department in the first company he has worked for outside of college. His job as COO of NICE Global was to gather information about every worker and their roles in the company.

 

In the article, “Lessons from Entrepreneur Paul Herdsman”, Herdsman gives six lessons: create culture, invest in the players, reward employees for performing well, understand everyone’s position, find the best people, solve a problem for clients.

 

One thing that Paul Herdsman has learned about this approach is that it increases the chance of unity in the company. When a company is united, then it is more likely to work well and satisfy customers compared to a company where people are against each other. When one makes every department and role of the company known and respected, this can cause people to feel like they are a valuable part of the company. This will also inspire them to work more passionately for the company. Refer to This Article to learn more.

 

One of the best ways to gain good employees is to avoid treating them like their expendable. When employees are made to feel as if they are valuable, then they are going to work with even more passion. Employees that feel like they are surrounded by coworkers that are against them, they are going to be second guessing themselves. This can also diminish the quality of their work. It is not enough to hire good employees, they must also be recognized and appreciated for the work they do. This will give them the confidence to continue on with their day.

 

Visit; https://www.mylife.com/paul-herdsman/e367723386078