Mike Hardman, Credit Salesman at Lloyds, RBS, Dies at 53

Updated on
  • He was the former head of European flow credit sales at Lloyds
  • Among first to use swaps to analyze relative value of bonds

Mike Hardman, a former Lloyds Banking Group Plc manager whose three-decade career in the London fixed-income market included management roles at Royal Bank of Scotland Group Plc and JPMorgan Chase & Co., has died. He was 53.

Mike Hardman. Source: Guy Cornelius

Mike Hardman. Source: Guy Cornelius

He died on July 5 at his home in Gloucestershire, U.K., according to Guy Cornelius, a former colleague and spokesman for the family. No cause was given.

Hardman was head of European flow credit sales at London-based Lloyds from 2010 until March, according to the bank and a LinkedIn.com profile. Prior to joining Lloyds, the U.K.’s biggest mortgage lender, he headed sales at Evolution Securities Ltd., a London investment bank, for 14 months after almost six years as head of U.K. credit sales for certain institutional clients at RBS.

“Mike had an amazing career, influencing a whole generation of U.K. credit fixed income market participants, both bankers and investors,” said Cornelius, who worked with Hardman at several firms including Evolution Securities. “He was a wonderfully caring, compassionate and charitable man and so very, very funny. All who knew him will remember wonderful nights out full of laughter.”

Credit Trading

He was among the first in credit trading to use swaps to analyze relative value between bonds, Cornelius said.

Hardman was born Oct. 22, 1962, in Marlow, U.K. He studied economics at the University of Leeds, receiving a bachelor’s degree in 1984.

After graduating, Hardman entered the financial industry in 1984, when he joined Quadrex Securities. He later worked at firms including SG Warburg and County NatWest in 1995 moved to Barclays de Zoete Wedd, which was then the investment banking arm of Barclays Plc. He spent five years as head of U.K. credit sales at JPMorgan, starting in 1998.

Outside of work, one of his passions was sports. He was a season ticket holder for the Leeds United soccer team and played cricket and rugby. He also enjoyed traveling, especially to South Africa, “a country Mike adored," Cornelius said. Hardman was planning a trip to Japan with his wife, Justine, who survives him.

(An earlier version of this story corrected the spelling of Quadrex Securities.)