Barclays Global Investors has announced the appointment of Rohit Bhagat as global ghief operating officer. Mr Bhagat will have oversight res...

Barclays Global Investors has announced the appointment of Rohit Bhagat as global ghief operating officer. Mr Bhagat will have oversight responsibility for the technology, operations, finance, strategic planning, human resources, legal, compliance and risk functions for the global firm. He replaces Rich Ricci, who became chief operating officer of Barclays Capital, and Barclays Private Clients earlier this year. Mr Bhagat will report to BGI's Global Co-CEOs, Blake Grossman and Andrew Skirton, and will be based in San Francisco. He will also be a member of BGI's executive committee. Mr Bhagat joins BGI from The Boston Consulting Group where he ran the west coast financial services practice based in San Francisco. At BCG Mr Bhagat's responsibilities included leading assignments for clients in retail banking, asset management, wealth management, brokerage and capital markets. He also launched and developed BCG's Indian practice. Prior to that, he was with Booz-Allen & Hamilton, a strategic management and technology consulting firm.