Stanley Ross is an unlikely hero. A bus conductor's son, he made a huge impact on a City that even in the 1970s was still dominated by public school boys fresh out of Oxbridge.
Ross left school at 15 and started work as a junior in the City in 1951. He worked his way up through Strauss Turnbull to join Kidder Peabody in 1967, where he set up the US bank's Eurobond operation from scratch. At one point, his team of 45 people contributed over a third of Kidder's total global income. When he left, Kidder's pre-eminence in the Euromarkets collapsed.
But Ross is best remembered for the creation of his own firm in 1978, Ross & Partners, which effectively created a grey market in Eurobonds. His idea was to integrate the price gap between the primary and secondary markets by immediately making price quotations in bonds on an "if and when issued" basis.
His Reuters page RAPC became required reading for anyone wanting to know the real prices of any Eurobond issue.