Bond market titan Hans-Joerg Rudloff dies
Bond market legend Hans-Joerg Rudloff died on December 1. He was widely acknowledged as the father of the Eurobond market and crucial to the build up of Credit Suisse First Boston and then Barclays Capital. He was 85.
His passing was confirmed by two former colleagues and friends and in an email from his executive assistant sent to IFR.
“It is with the heaviest of hearts that I inform you of the sad passing of Hans-Joerg yesterday. He was one of life’s great men and will be incredibly missed,” the email said, dated December 2.
His career began in 1965 when he joined Credit Suisse in Geneva after graduating. Three years later he moved to New York and joined Kidder Peabody, where he remained for 11 years.
He rejoined Credit Suisse in 1980. It was during this second stint with the Swiss bank that the Eurobond market took off, multiplying tenfold by 1990 from US$18.5bn in 1980. He joined Barclays in 1998 when former chief executive Bob Diamond was building Barclays Capital.
Rudloff announced his retirement from investment banking in 2014 after 49 years in markets, stepping down as chairman of Barclays’ investment banking business. But he had been active in the markets until much more recently, working as chairman of Marcuard Capital, the Zurich-based private bank.
“He would like one last ‘party’ where we can all remember him and pay our respects to his legacy and recall the good times,” the email said.
Details of an event will be shared at a later date.
