Mike Bagguley is the new chief operating officer of the investment banking unit at Barclays. The step to appoint Bagguley to this position came as part of the plan by the bank to beef up its investment banking operations. Barclays was once booming with investment businesses but lost its way leading to a significant decline in investment banking operations. With the new appointment, Barclays is hoping to get operations back to normalcy; like it was during the past glory days. Before the promotion, Mike Bagguley was working as the head of macro markets division at the bank. He will be working under Tom King, the chief executive of the investment unit.
Mr. Bagguley was promoted after recording impressive results in his former position. He helped the bank reshape macro business in areas of interest rates, commodities products, and foreign exchange. These changes were necessary since the bank had to move with speed to implement measures that would get the bank back to profitability after suffering from tough regulations in the banking sector and a decline in trading revenue. From the statement released by the bank, Mike Baggley will be responsible for the coordination of projects in the investment unit.
The appointment of Mr. Bagguley came after a streak of changes in senior management of the bank. Earlier, Sir Gerry Grimstone was appointed as the deputy chairman. Grimstone is an experienced financial expert who has previously worked with financial group Schroders as the global vice-chairman of in-charge of investment activities. Other appointments have been made in the investment banking unit as Barclays shows commitment to re-position itself as a leading investment bank in the world.
Barclays’ senior management has full confidence in Mike Bagguley to accelerate delivery of the goals they have set to accomplish. Bagguley experience as a senior banker will help him put together key infrastructure to achieve growth within a short time.
Mike Bagguley has been at Barclays since 2001. His roles have mainly been around fixed income operations. He has previously been assigned duties in Johannesburg, Tokyo, London and New York. He finally joins the investment banking unit as the COO to replace Justin Bull who left in April.
Are you in need of urgent financing for your business or to cover non-purpose capital needs? Do you need a personal loan to help you deal with urgent expenses? If so then you are probably among the people that stand to benefit significantly by working with Equity First Holdings.
When it comes to obtaining non-conventional lending services in most parts of the world, Equity First is usually at the top of most lists and there is good reason behind this trend. For starters, getting a regular loan involves a lot of red tape and bottlenecks. Not only is it difficult to get around these but the time it takes may also prove to be too long. Not to mention the fact that same day loans will probably cost you an arm and a leg.
Equity First Holdings specializes in helping clients who need to borrow money quickly and inexpensively. The main clients targeted by the company are usually either business entities or individuals with high net capital. And so comes the question- why do they only prefer high net worth individuals?
Assuming you need a loan but you do not have any significant or acceptable physical assets that you can put up as collateral, most lenders will not even touch you with a long stick. And they still won’t if you have intangible assets like shares in another company. But not Equity first. When you borrow from Equity First, you can directly transfer your shares to the company and they will hold that as collateral against the loan that they are going to give you. The returns on the shares will be paid back eventually along with the loan. The entire process is fast and efficient which makes it ideal both for short term and for long term borrowers. This unique lending approach adopted by the company has enabled it to expand into most of the largest cities in the world.
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In reality, all people will be able to benefit from Equities First. However, people dreaming of starting their own non-profit organization in South Africa will more than benefit from this company.Equities First is a leading lending company that began over a dozen years ago. This company began with one person’s dream. That dream was to help people get funding when all other financial institutions turned them down. Though this dream came to pass, Equities First is so much more than just a lending company.
Operating all over the world, Equities First has a special branch in South Africa. Though this branch is a traditional lender, it also operates to help people with dreams of starting a non-profit organization. After getting so many calls from people in South Africa asking for help with starting a non-profit organization, Equities First had to step-in.This program works in a few different ways. The main way it works is that an individual or group of individuals apply for funds to starts a not for profit organization. Professionals from Equities First will then seek out all the government grants and other special monies available for people wanting to start this kind of organization. The professionals from Equities know how to locate government funds better than any other organization in the world. Most of the time these government funds pay for the entire loan.
The next way this program works is by the not for profit organization receiving donations to pay back the loan. The good thing about this is that Equities First does not tell the non-profit organization owners to go out and raise the money. Equities First creates fundraising opportunities and other opportunities to give people in the community and surrounding communities a chance to donate to the non-profit organization in question. Equities is known for helping more than 50 not for profit organizations start in South Africa. That number is expected to rise in the next several months.