Mike Bagguley In As COO of Barclays Investment Bank

Barclays PLC has made the decision to promote the former head of the company’s macro markets business, Mike Bagguley, to the position of chief investment officer for the investment bank. Bagguley has accepted the responsibility to oversee a restructuring of the business.

Mike Bagguley will report directly to the bank’s top executive, Tom King, and the move was made effective as of the announcement.

Barclays made the move due to a need to streamline its operating procedures in order to reduce costs and improve the company’s profitability and felt that Bagguley would be the perfect person to oversee these efforts. He is also expected to properly align the infrastructure functions for Barclays, aid with the coordination and delivery of products, and join the executive committee of the bank.

King explains that the numbers posted for the quarter preceding the promotion of Bagguley demonstrate the solid decision making the company has made to get to this point but also expressed that there is much more work to be done.

Mike Bagguley has already been commended for the stellar work he has done for the company while overseeing the reshaping and restructuring of Barclays macro business which includes products containing to foreign exchange as well as interest rates.

Barclays is one of a group of banks that include Deutsche and UBS to scale back their trading activities and place more focus on areas that have not been as affected by industry regulations.

Mike Bagguley graduated from the University of Warwick in 1988 with a bachelor’s degree in mathematics. He first joined forces with Barclays in 2001, working at a fixed trading desk in London and to date has held top positions in Tokyo, Johannesburg, South Africa, and London.

King explains that the position as the head of the company’s macro business that is being vacated by Bagguley will now be a joint venture to be manned by Rob Bogucki, Nat Tyce, Kashif Zafar, three company employees that all have long term experience working in the macro division for Barclays.

The position of the chief operating officer had remained open since being vacated by past COO Justin Bull who left the post a few months before Mike Bagguley was hired.

 

https://www.fxweek.com/people/mike-bagguley

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Jed McCaleb is Improving Stellars Future

Jed McCaleb and Joyce Kim came together and cofounded Stellar Development Foundation, in 2014. The foundation was created after the two had realized exactly how broken the world’s financial infrastructure had turned. Due to these results, there were plenty of people that were being left without having the resources they needed. The thing that Jed McCaleb had stated that he especially liked about Stellar, is that he was given the opportunity to spend countless hours with some of the world’s smartest people.

 

Prior to McCaleb working at Stellar, he found eDonkey2000. This was among one of the first peer to peer file sharing networks. This was Jed McCaleb’s first big accomplishment. It was this that allowed him to be able to later come up with the idea for Stellar.

Jed McCaleb is no stranger when it comes to the cryptocurrency world. For many years now, he has been working on ideas to help improve cryptocurrency’s. In the years to come he hopes that there will be many developments made in global payments, stock markets and also fundraising. Due to all of his experience, McCaleb has been able to work with some of the world’s biggest crypto organizations, one of these organizations is Mt. Gox bitcoin exchange.

 

Currently, McCaleb holds his role as being the chief technology officer at Stellar. He stated that he hopes there will be a universal payments network in the near future that will be able to benefit individuals. Coincidentally, at the moment Stellar is working hard at the moment to make just that happen. Though the company is not certain on how long it will take to hit their goals, they do know that they are going to continue doing all they can to make it possible in the near future. A better digital future will remain to be Stellars main goal.

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George Soros Continues To Give Until It Hurts Amid Controversy And Conspiracies

Demonization is a strong term, but also an apt one for the conservative campaign to discredit George Soros, who has donated in excess of $18 billion to Open Society Foundations. Unfortunately, these donations have served to further draw the ire of conservative conspiracy theorists. The number of conspiracies surrounding Soros is almost as numerous as the number of dollars he’s donated, and he’s been the punching-bag of conservatives for years.

Conservatives See Soros as a Threat

Over the past thirty years, Soros has used his wealth and global influence, as well as his Open Society Foundations to further his goal of bettering the world through democracy, social justice, and human rights. His most recent actions have reflected this goal as well, with his push to adopt more liberal immigration policies in Europe due to the refugee crisis. Conservatives see Soros’ wealth and his global influence as a serious threat to their ideology, so it’s no surprise that they’ve formulated countless conspiracies in an attempt to bring him down.

Whether it’s influencing elections, running secret smuggling rings, discrediting his opponents, trying to bring Sharia law to the United States, or canceling Firefly, conservatives have claimed that Soros is the mastermind behind all of it. The mechanism that even makes these outlandish theories possible is the strong partisan schism in the US, which has served to sic the right wing on anyone across the political chasm. This is further compounded by the current trend towards conservative libertarianism, with the right wing pushing a mentality that favors a “government versus conservative” perspective, with almost anyone wealthy or powerful being targeted.

The Insidious Danger of Conspiracies

Soros is a powerful and wealthy individual with a strong presence on global stage. That much is an undisputed fact. However, when one man has that much power, no matter how he uses it, he will attract conspiracies like a forest fire would attract every moth in the county, especially if those moths are on the opposite side of the political spectrum.

Perhaps surprisingly though, the person hurt most by these conspiracies isn’t Soros, but rather, it’s the people creating and spreading them. Baseless theorizing can undermine their credibility, as well as harm democracy by stifling civil discourse with outlandish claims. With conspiracies and half-cocked theories spreading like wildfire, actual discussion about the risks of wealth and influence on global stage simply doesn’t happen. Conservatives have foregone the real danger in lieu of hastily contrived theories, only managing to harm themselves.

Target Locked, Firing Conspiracy

Soros has never been free of controversy. Since conservatives first locked eyes on him, they haven’t let up on their claims and conspiracies. But this comes as no surprise, considering Soros’ views. As a strong supporter of democracy, progressive causes, and grassroots activism, Soros was bound to attract attacks from the right wing, both for his political views, and his status as one of the financial elite. Despite these claims, he will continue to work towards his democratic ideals and plans to donate even greater sums in the future.

To Learn More : www.nytimes.com/topic/person/george-soros

George Soros Helping Open Society Foundation Become The Top

Philanthropic Organization with his Continual Financial Aid
George Soros is a highly resourceful, wealthy, and influential political contributor in the United States. Over the years, he has been able to make a stronghold in the country’s politics by contributing heavily to the Democratic Party, financially as well as politically. George Soros has always been a supporter of Democratic Party because George Soros feels that people should have the right to voice their opinion and be in a position to control the government, which Soros strongly feels is not the case with the Republican Party. It is for this very reason; he supported Hillary Clinton in the last Presidential Election but went on to lose the $30 million he spent on the election. However, it is a small amount compared to the fortune that he has earned over the years through his hedge funding business.

George Soros is the undisputed leader in the hedge funding business is amongst the top hedge funders of all times. Not only does his firm continue to provide consistent high profits to its investors and clients, but Soros Management has also been expanding globally under his watch as well. However, it is not only his political influence and business achievements that George Soros is known for but also his philanthropic initiatives. George Soros has founded Open Society Foundation, which is a collaboration of charities from across the globe. It works cohesively towards the causes that George Soros feels strongly for, including racial disparity, poverty, women empowerment, education, immigrant rights, minorities’ rights, freedom of expression, and more.

George Soros feels that the political sphere of the world has been moving ahead in the wrong direction and while there was a time when people used to be afraid of communism, the time has now come to be fearful of Capitalism. In an article that George Soros wrote recently, he explained elaborately why Capitalism is now turning to totalitarianism and is becoming global issue. George Soros believes that it is also one of the reasons why people are afraid to trust their government as going against the government or vocally opposing the government has sometimes led to fatal results in the near history. George Soros believes that many governments across the world are taking away the rights of the people to express freely along with other constitutional rights in a systematic manner, which is why he believes in the principles of Open Society, which also happens to be the name of his philanthropic organization, Open Society Foundation.

George Soros was inspired by Karl Popper and his book named The Open Society and its Enemies. It is from where he learned about how the world can work together and move ahead as one big family, and while he understands the roadblocks in its realization, he believes in one step at a time and wants to do his part while he can. George Soros uses his financial resources to help the people in need across the globe and recently transferred a massive sum of $18 billion to Open Society Foundations. It is expected to put him on the list of few of the most generous philanthropists of all times.

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