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Obituary: Vishal Savadia, a widely respected expert on bank capital

By Tyler Davies
21 Mar 2019

It is with much sadness that we have to report the death of Vishal Savadia.

He died on March 6 at the age of 37. He had been battling against cancer.

Vishal was the head of capital issuance, ratings and debt investor relations at Lloyds Banking Group in London. He had been with the firm for 14 years, developing an impressive career in banking.

“Many of you will have met or worked with Vish during the 14 years he worked in the industry, as he orchestrated so much of the capital and debt investor activity the group undertook,” said Richard Shrimpton, head of group capital management at Lloyds.

“Having joined the HBOS capital team as his initial placement on the graduate scheme, he never left capital and grew to be one of the most respected experts in this field. He played an instrumental role in the recapitalisation of Lloyds Banking Group between 2009 and 2012, undertaking a significant amount of capital restructuring.”

Those who worked with Vishal say that he will be remembered affectionately as a big personality within the industry.

“He was a great colleague and a friend who we will miss immensely,” said Shrimpton. “We will miss his intellect, the achievements, the fun we had and the travels we shared. We will remember the love and respect we had for him and the confidence we had in anything he set out to achieve.

“Vish’s passions in life were his family, cricket and spicy food — we will fondly remember the pride when he became a father, his joy at getting any free cricket tickets, and the nights out scorching our mouths.

“It was a testament to Vish that at his funeral last Friday, there was only standing room in the crematorium, with around 250 friends and family paying their respects.”

Vishal is survived by his wife Tina and his two sons, Rayan, 6, and Kian, 4.

Tina has set up a JustGiving page to raise money for Cancer Research UK. She praised the charity for its work in coming up with new and innovative treatments that could help to save the lives of others.

We offer our deepest condolences to Vishal’s family, friends and colleagues.

By Tyler Davies
21 Mar 2019