Investment

Irrespective of Hard Times, Mike Bagguley Still Stands Out

Mike Bagguley attended the University of Warwick where he graduated in the year 1988 with a Bachelor of Science in Mathematics. In that case, venturing into the financial sector does not come as a surprise as it is in line with his profession. Therefore, he happens to be the Chief Operating Officer of Investment at Barclays Bank where he has also assumed other positions in various departments. Having worked at the bank for more than fourteen years, it is evident that he has gained a lot of experience which he utilizes in whatever position that gets delegated. On his part, Mike Bagguley was precisely appointed to accelerate delivery of the approach that was in place which would ensure that costs were minimized while profits became increased considerably. The fact that he has a rich background in the financial sector and an education that is related to this position, he is strategically placed to assume that position and run the bank professionally. Other than working at the Barclays Bank, Mike also happens to be a shareholder representative director at LCH Group Holdings Limited and Clearnet Group Limited a position he took up from 2011.

The position that Mike Bagguley assumes in Barclays is one that irrespective of the achievements that may be realized, it comes with challenges that are inescapable. On his part, he found himself in trouble after some five former traders in the bank became involved with charges related to rigging of rates. Individually, he had nothing much to say as he denied having been aware of such activities in the bank. Being in a senior position, he had a hard time explaining how he never noticed any unusual activities and the fact that he took an interest in this issue when the bank started an internal inquiry made him look guilty. In that case, defending himself would take a lot of time and resources, and this affected his work as he would no longer relate with his colleagues and seniors in the same way as before the scandal. Either way, his good work would vouch for him as the bank has realized a lot of improvement since he became the COO and before them was a loyal employee in other departments of the bank.

 

http://investor.marketaxess.com/news-releases/news-release-details/barclays-names-mike-bagguley-chief-operating-officer-investment

Peter Briger’s Inspiring Career Journey

The CEO and co-principal of Fortress Investment Group, Mr. Peter Briger, graduated with a Master Degree in Business Administration from the Wharton School of Business at the prestigious University of Pennsylvania. This was after he had acquired his undergraduate degree at the Princeton University.Like any other graduate, Peter’s thoughts and imagination could have never gotten any closer to the kind of success story that he is today. However, his great achievements have not just occurred as a coincidence; it has been through sheer effort and working tenaciously towards the achievements.Immediately after school, Peter Briger started his career journey by working for a very reputable investment banking company, Goldman Sachs & Co. While here, Briger performed important roles in operations, leadership, and management. He also polished his theoretical knowledge from his school work with skills and experience in various expertise such as loans, trading, distressed debts and foreign investments.

This greatly sharpened his financial acumen, an aspect that saw him become a partner of his employer, Goldman Sachs. By this time, Peter was ripe to make his next career move.In 2002, Peter Briger moved to Fortress Investment Group where he joined as a co-CEO. The situation at the company was not impressive enough, and so Peter had a tough task ahead of him. Luckily, his 15 years at the Goldman Sachs & Co. had equipped him with adequate skills and technical know-how to face such challenges, and so he was up to the task.When he arrived at Fortress Group, the company was managing assets worth a meager $400 million. Shortly after his commencement of operations, the group’s investment tables started turning.

Within the first three years, the portfolio of the company had shot to $3.9 billion. By 2007, the value of the company had skyrocketed to a whopping $32 billion in assets under management. This was an incredible growth for the company that no one could have ever imagined. Currently, Peter Briger is still a co-principal and also the chairman of the Board of Directors at the Fortress Investment Group. Apart from his office commitments, Peter Briger also participates in the individual social responsibility. He participates in the community activities that he believes can improve the welfare of the members of the society. For example, he provides funds to educate children from the needy families in the society. This is because he is a strong believer in education and he believes that to eradicate poverty from a society, you must start by educating the young generation.

Louis Chenevert brought tremendous change during his tenure in United Technologies Corporation

Louis Chenevert is a renowned Canadian businessman and has held various prominent positions in his career lifetime. He worked at the United Technologies Corporation where he served as the president and the CEO. He was appointed as the CEO from 2008 and served all through till his retirement in 2014. Before he joined United Technologies Corporation, Louis Chenevert served as the president of Pratt & Whitney.

The graduate from the Université de Montréal, École des Hautes études commerciales with Bachelors of Commerce, was awarded Honorary Doctorate in 2011 from the University of Montreal.

During an interview, Louis Chenevert says that the ideas in United Technologies were brought forward by significant executives who understood the needs of the clients and were passionate to deliver. The concepts of acquisition resulted in profound change and enhanced the company’s portfolio.

During his tenure in the company, he executed various ideas that changed the face of the organization entirely. Some of his ideas included the F135 engine sole source position which brought significant change in the military. Louis also came up with the GFT engine idea which was a major success due to its noise reduction, low fuel consumption and fewer parts. Louis Chenevert also oversaw the acquisition of Goodrich Aerospace which brought significant change to the company, and it was the largest acquisition ever.

Louis Chenevert says that while serving United Technologies Corporation, he mainly focused on operational skills and talents. He believed that engineering was the part that enhanced in bringing ideas to life. As a result, they produced products that met their customer satisfaction and collected revenue and profits. Being focused and having a clear vision as a leader with the crucial working tools and adequate funds results to a significant impact in an organization.

Louis Chenevert says to be a productive and a successful entrepreneur; he applied various tactics which include skills, passion, focus and being optimistic. He further states that empowering the key executives in their operations enables the team to deliver quality services. Louis emphasizes on getting the right team to work with. He says it is essential to appreciate the work of the team and inspire them and always reward risk taking.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

Legends: Fortress Investment Group

Everyone loves an Origin Story

Fortress Investment Group kicked off its campaign; in the year of 1998. Fortress Investment Group was the first of their kind, as they embarked on the quest to become the very first Investment Firm that deals with multiple opportunities for investment. So you don’t find yourself stuck with a limited amount of options; true pioneers in their world. Despite this huge risk of treading new waters; they led an impressive 10 year run of Non-Stop Improvement, and are still going strong today. Although they have been bought out by SoftBank for 3.3 billion USD: the SoftBank Group Corporation is a Japanese Multinational. Although this corporation bought Fortress, Fortress continues to operate as an independent entity and currently has headquarters in New York. Not only were they unique, but they were also the first alternative manager to go public. Fortress Investment Group continues in front of the alternative investment field. They managed to consistently stay in front year after year; after many other firms decided to follow the same footsteps.

Current Events

Currently, Fortress Investment Group is divided into three principal categories: credit, private equity, and the Permanent Capital Vehicles Division. With it’s Credit Division beginning in 2002, they are involved with numerous different funds. Investing is a universal language, which is why their business model was successful on a tremendous scale. The Private-Equity division focuses on cash flow generation from control-oriented investments in the Caribbean, North America, and Western Europe. The capital Vehicles Division is mainly made up of five publicly traded Permanent Capital Vehicles: New Residential Investment Corp., Fortress Transportation and Infrastructure Investors LLC, New Senior Investment Group, New Media Investment Group, and EuroCastle Investment Limited.

Inspiration

The story of FIG is inspiring, captivating, and educational. After learning more about the group; they have changed my perspective on investment drastically. I will start to make different decisions strategically when it comes to my finances, thus prospectively changing my point of view. Perspective is something that should be kept consistent, as our perspective changes daily. Over the years they evolved, also showing me the concept of breaking down one big goal into multiple small goals. With constant improvement and innovations; which (in my opinion) are representing their small breakdowns from the ultimate goal. Learning different strategies from people that have made massive success can be shown to help you. Taking these concepts further with additional investigation and research, we can achieve similar results to Fortress Investment Group bringing us abundance and wealth. Which will, of course, feel amazing.

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