Mike Bagguley: Barclays Head of Many Departments

Mike Bagguley also goes by Michael Ray Andrew Bagguley. His location is known to be London, England. Mike earned his Bachelor of Science Degree in Mathematics from the University of Warwick in 1988. You will also find him to have memberships with Shareholder Representative Director starting in 2011 to the present year and LCH Group Holdings Limited.

According to Mike Bagguley’s profile on CrunchBase, he became the Chief Operating Officer for Barclays in June 2016. Before becoming the COO, Mike was the head of Barclays macro markets business. His job was to speed up the strategy to cut costs and improve profitability. He was asked by his managers to align the infrastructure functions, help coordinate, and deliver the products more efficiently.

Mike Bagguley was already doing so much for Barclays. This included overseeing reducing the size and reshaping the macro business part of Barclays. This meant that he had to effectively know the interest rates, foreign exchange, and the foreign commodities. Regulations were getting tougher as the trading revenues were falling which was making parts of the business unprofitable.

Other Senior Roles

Mike Bagguley has held many senior roles at Barclays since the year 2001. He also serves as the Managing Director and Global Head of the US Dollar Derivatives Trading/FX Trading at Barclays Capital. Since 2013, he served as the Head of Commodities and Foreign Exchange at Barclays PLC. While holding this position, he is responsible for all the aspects of risk and strategic positioning for Barclays Capital FX Franchise globally. He has also served as Head of the Head of FX Cash Trading and Head of Interest Rate Swaps.

Mike Bagguley has been a big part of Barclays for around 17 years. He has helped Barclays become the company they are today by reducing and reshaping the parts of the company that were not as productive as they could have been.

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

David Zalid Steers Greensky LLC to Explosive Growth

David Zalik is the Chief Executive Officer of the GreenSky, LLC. The company was formerly known as GreenSky Credit LLC. He has been at the helm of the company since he founded it in 2006. David is also the Chairman of the board of directors.

GreenSky Credit is a Fintech organization that acts as a middleman for spot financing on home improvement projects. It connects homeowners to an extensive network of contractors and bank partners to get financing of up to $65,000. In contrast to the conventional banking system, most borrowers do not pay any interest for the promotional period of 6 to 60 months.

Recently, the company started offering loans to professional services such as dentists, doctors, and veterinary offices. Over the time it has been in operation, GreenSky Credit has provided loads of over $10 billion. The company is valued at about $4.5 billion. It takes revenue of about $250 million a year. The primary advantage of this innovation is that it is scalable. If the company finds another segment attractive, it can start offering loans to the new sector. Therefore, it is not limited to home renovation loans. In the future, it could provide an alternative to credit card loans.

The Background of David Zalid

David Zalid was born to immigrant parents that had moved through different countries fleeing communism. Both parents ended up in Israel where they met, and Zalik was born. The family settled in Alabama USA when he was 4. At a young age, he started assembling PCs and reselling them. By the age of 22 years, David had a company called MicroTech and employed 20 employees, which he later sold. He then started a real estate company before beginning the Outweb Company to help companies build websites. Later on, David founded Rockbridge Commercial Bank, which failed.

It was from this point that he started a finance company targeting consumers and home contractors. The company grew over the years to become the financial company GreenSky Credit. Today, the company offers to underwrite based on credit bureau reports and FICO scores just like the banks do.

https://www.youtube.com/channel/UCghBdNV1dTjaziha8eqp1JQ