
Jim Leaviss

We are very sorry to share the news that Jim Leaviss passed away on 23 July 2026, aged 55.
The family’s wish is for privacy and funeral arrangements will remain private. For those who would like to make a donation in Jim’s memory, the family has requested that donations be made to Cancer Research UK. We appreciate that there will be a desire across the industry to honour Jim’s life and legacy in the future, and we will liaise with his family at the appropriate time. In the meantime, we have opened this virtual book of condolences for people across the industry to share their memories at this difficult time.
Everyone at M&G is deeply saddened by the passing of Jim Leaviss, our former Chief Investment Officer, Fixed Income, and a highly respected figure across the investment industry.
Jim joined M&G in 1997 and made an extraordinary contribution over a 27-year career with the firm, playing a central role in building and shaping our Fixed Income business into one of M&G’s key strengths. Known for his expertise, intellect and distinctive voice, including through the Bond Vigilantes blog and Uncle Jim’s World of Bonds podcast, Jim earned the admiration and respect of colleagues, clients and peers across the industry.
He will also be remembered with enormous affection for the impact he had on people. Throughout his career, Jim was generous with his time, knowledge and encouragement, mentoring and inspiring many colleagues and helping to develop generations of investment talent across the business.
On behalf of everyone at M&G, we extend our heartfelt condolences to Jim’s wife, sons, family and loved ones. His legacy lives on in the business he helped build, the people he developed and the many lives he touched during his remarkable career.
To read Jim’s own farewell, published when he left M&G two years ago, please see the Bond Vigilantes blog:
Memory wall
I also clearly recall seeing Jim present to a packed auditorium as Uncle Jim and it was evidently clear that he was blessed with an abundance of talents that stretched beyond the bond markets that included cycling, music, art, history and much more.
My very sincere condolences to his family, friends and colleagues. He will be missed.
I was also fortunate to work with Jim when we filmed promotional content for the Social Mobility Foundation and M&G’s apprenticeship programme around 2012. It was my first experience being filmed on camera, and while I was understandably nervous, Jim’s natural ease, warmth and confidence made the experience feel far less daunting. What stood out even more was how genuinely committed he was to social mobility. For someone in such a senior position, his visible support for initiatives that opened doors for young people was incredibly meaningful and inspiring.
Jim was equally passionate about developing early careers talent. He regularly spent time with graduate cohorts, sharing his experiences and bringing the world of bonds and fixed income to life in a way that was insightful, engaging and refreshingly down to earth. Not many people could make those topics so accessible while leaving people genuinely excited to learn more.
Beyond his professional achievements and the legacy he leaves behind, I will always remember Jim for his kindness. I still smile when I think about him attending my 21st birthday drinks, which feels like a lifetime ago now. It was typical of Jim to take an interest in people, not just as colleagues but as individuals.
Jim was taken far too soon. He will be remembered not only for the enormous contribution he made to M&G, but also for the countless personal acts of kindness and encouragement that touched so many lives, including my own. He will be greatly missed.
I met Jim in 2000, and he quickly became a ‘go-to’ person for marketing and sales support. I am sure there is still a vintage Guide to Bonds (2001) in my drawer somewhere … Authentic, kind, intelligent, and as genuine as they come—a truly rare commodity.
My most sincere condolences to Jim’s family.
Sx
Please pass on my condolences to his family, longstanding colleagues and the wider team.
A true gentleman, wise man and a bond market guru he will be truly missed.
Thank you so much, Jim, for your kindness, your leadership, thoughtfulness and your continuous support over the years at M&G.
I feel so honoured to have known you and to have worked alongside you. I will always remember our chats, always trying to do the right thing no matter what, your witty sense of humour…
My sincere condolences to your dear family and friends. They must be incredibly proud of their remarkable Jim.
You will be deeply missed, but your legacy will live on in all of us. RIP Jim
Jim will be deeply missed.
Sending sincere condolences for his family
Jim was a true leader, one of those with the unique ability to make a lasting impact. And he did.
He built a strong and resilient team, vastly contributed to what M&G is today and shaped the industry's approach to fixed income investing. He did it with grace, respect, resilience and boundless creativity.
I am incredibly grateful to have crossed paths with Jim, his supportive and innovative approach and his love for David Bowie, during his time at M&G. A real "Starman" in our industry.
Sending my deepest condolences to all his family and friends.
He truly was Uncle Jim to so many of us.
Sincere condolences to his family, he will missed.
From then on life became a blur of all things fixed income. Like many others in the sales team working with Jim over the years was a dream, we loved him and clients loved him, a special person.
RIP Jim
For the education you gave us when we would come in and see you, the joy you brought to so many of us as a friend and for your boundless enthusiasm for life in all its glory....thank you. You truly were the very best of men. Our lives are immeasurably richer and better for knowing you.
Goodbye, old friend. May you always ride with the wind on you back and sun on your face. Rest easy, we will never forget you.
Years later I ran into Jim watching Pink Floyd in Hyde Park and he was exactly the same warm, decent person that he had been at work that day, a consistency of character that I see reflected in the many tributes on this page. My sincere condolences to Jim’s friends and family on your great loss.
So many marketing trips always tied in with a gig or a football match.
I Ioved hanging out with him, he was warm, generous, humble and so so funny.
He always spoke passionately about music, football and his family.
A real one off - I will really miss his company but have so many great memories with him.
RIP Jim - This Charming Man...
He was a warm, intelligent, and genuinely kind person.
I always looked forward with great curiosity to the opportunities to listen to him, because his thinking was invariably rich with original insights and unique interpretations of the markets.
Thank you, Jim
Jim brought bond investing to life. His personality, creativity, and down to earth nature shone through. He was approachable and made time for others. Memorable conversations covered music, Forest, Steve Hodge’s Maradona shirt from Mexico ‘86, Monster Munch, the infamous Mario video, and Bond Vigilantes babygrows.
Deepest condolences to Jim’s wife, sons, family, and friends.
I had the privilege of working with Jim when he’d visit Asia. He was always polite, so humble, and generous with his time. He made the world of bonds easy to understand. Two of my favourite memories with him was making part of a cardboard box car together during an offsite – he was meticulous in everything that he did. And the second was bumping into him at the Hong Kong Sevens at the original Hong Kong Stadium. He was just walking around the stadium, soaking in the sun and energy from a great day of sports. You can tell that he loved the vibes and was happy. He would have loved the South Stands.
He’s left this world far too soon. My deepest condolences go out to his family and loved ones.
Isobel, in her darkest hours asked us to celebrate her "extraordinary, loving, compassionate, loyal, generous, thoughtful, clever, brave, sensitive, funny, cool, handsome and charming"husband. I would like to add a few more epithets to her list.
Jim was humble, forthright, inspirational and motivational. One of his lesser known traits was his benevolent encouragement of the younger members of his team. He offered them the chance to grow and excel early in their careers and provided the support that ensured that things happened. And he took inspiration from his juniors, too. He once told me of his delight at being accepted by his youthful cohort on the Masters' programme at the Courtauld and his thrill at being a student again on a class visit to Berlin. The young -whether at M and G, the Courtauld or at home with his beloved sons Stanley and Frank, kept him youthful, fun and trenchant.
Jim, with his laconic sense of humour (thank you, Robin Wigglesworth !). never lost the ability to surprise. When I learned he was about to undergo cancer treatment, I sent him an Afghan opium smoker's cap as a foil for the anticipated hair loss. The joke was on me...Jim wasn't about to wear anything that would hide his newly styled mullet.
I shall always remember Jim as he was on a hot August day in 2024. We had agreed to have lunch in Soho, and after coffee, he proposed that we take a walk round Cecil Court.. We soon found ourselves outside Colin Narbeth,, dealer in antique "bust bonds" and other curiosities. It was as if Jim were a terrier who had slipped its lead. Did they have Notgeld (no, me neither). Notgeld were, so I learned, emergency credit notes issued in Weimar Germany.
And then he pulled a "full Leaviss" on me. - why Weimar artists were called upon to decorate banknotes. Why some French Revolutionary Assignats have death threats inscribed upon them. Anni Albers, Ludwig Mies van Der Rohe and the failings of the Bauhaus. Jim's interest in Edinburgh, the possibility of a visit to honour the St Just Vigilantes at Ian Hamilton Finlay's Little Sparta; whether you could or not, step into the same river twice (panta rhei)..and more. After this bravura performance we were about to go our separate ways when Jim caught a glimpse of a painting in a second hand shop. He insisted that I buy it; we had to go in and check it out.
I'm afraid to say that I resisted the temptation- otherwise, like the heroine in Flaubert's Parrot, I might forever equate Jim with the enormous smiling visage of Vladimir Ilyich Lenin,
And so, Jim, in your own words, So long, Farewell, Auf Wiedersehen, Adieu...(I thought this came from Cabaret,, but in fact it's the Sound of Music. Should we be surprised ?)
But before I sign off, I hope I'm not the only one to note one final, tragic bond specialist irony. In the olden days, we on the M and G bond team had an instinctive dislike of embedded options. Jim, in a 2015 Vigilante blog, wrote the obituary of a favourite security, the iconic UK Treasury 3.5% of Forever. It is to me bitterly ironic that both Jim and War Loan were called far too early by their respective redeemers. Utterly and completely unwarranted....
So, along with Isobel, Stanley, Frank and the cats, let us celebrate Jim Leaviss. Take a walk, visit a restaurant, ride your bike, read a book, go to the Courtauld or any other museum, and above all , raise glass and listen to any one, or all, of his fave five bands.
Alex and I will be doing Cafe St Honore in Edinburgh; I am now blasting Bowie:
There's a Starman waiting in the sky
He'd ike to come and meet us
But he thinks he'd blow our minds
There's a Starmen waiting in the sky
He's told me not to blow it
'Cause he knows it's all worthwhile
He told me...
Let the children lose it
Let the children use it
Let the children boogie.
Amen. Let's celebrate the honour of knowing him.
My sincere condolences to his family, friends and all those who had the privilege of knowing and working with him.
So long Jim.
He was not your archetypal bond investor. He looked different, he spoke differently and he had a quirky same of humour. I was lucky enough to spend many hours with Jim at different events, both professionally and socially. My strong memories of him are his love of indie music (especially The Smiths), cycling and Nottingham Forest.
My sympathies to Jim’s family and friends.
I very much enjoyed discussing bond markets with him, but also music - who was the greatest protest songwriter? Gil Scott-Heron, obviously, Jim.
I can offer no better tribute than this, from Bond Vigilantes - Bristol, bonds and cycling:
"The hardest hill was followed by the funniest – a client meeting in Bristol gave me a chance to ride up Vale Street, the steepest residential road in the UK. On a hire bike and in suit and leather soled shoes which kept slipping off the pedals, it took me many attempts to get to the top."
https://bondvigilantes.com/blog/2017/11/one-year-one-hundred-climbs-thanks-everyone-cascaid-well-way-raising-2-million-cancer-research-uk
Much rubbish is written about markets generally and bonds in particular, but Jim always rightly placed them at the periphery rather than the centre of Life.
The worlds of Art History, Nottingham Forest and Music Appreciation will be all the poorer for his passing.
I worked closely with Jim for only a couple of years and - whether we agreed or disagreed - he was always refreshingly straight, pragmatic, prepared to listen and to debate issues.
Jim was wildly misguided about some things, for example which of The Cure’s albums is the best (Faith, obviously), but none of us is perfect.
My heartfelt condolences to his family and those close to him.
Mucho cariño para la familia
DEP
He was always genuine and kind to others.
With his generosity and humour, Jim taught us that even financial markets aren't just about money, they are about people.
We have all learnt from his example - and we are all better people thanks to him.
Thank you for everything uncle Jim.
I will carry those memories throughout my career, and will always remember the man who made fund management fun.
Rest in peace Jim. X
My deepest condolences go out to his family and I trust these messages provide some solace...he was a truly remarkable man.
When Jim left the industry a couple of years ago, a few of us from the M&G sales team, past and present, went out for a spot of lunch - Jim insisted on paying because he said we “made work fun”. But really it was the other way around. Jim was the salesperson’s dream - he always delivered a creative presentation or an interesting take on bonds. I remember the hand-written notes he used to craft with prit-stick and cut outs from newspapers. Clients loved his quirky approach. And then there was the softer side of sales, where Jim’s non work personality was also a gift.
After being so supportive in the early part of my career, Jim became a friend. We enjoyed some travel: I should remember Dubai 2008 for the onset of the GFI but the highly competitive banana boat races in Dubai Marina somehow standout. There was Antwerp, St Petersburg, Tokyo and best of all Leicester 1 Forest 0 in a corporate box at the King Power. Jim was also the reason a few of us got to enjoy the final day of a thrilling 2005 Ashes series at the Oval and there have been many other cricket matches since, and more recently games of Padel.
I am sad that we’ll not get to do more of this but grateful for the fun times, which will always raise a smile. My heart goes out to Isobel and the boys. RIP Jim X

It was a privilege to have worked with him. Jim was a brilliant mind - humble, gracious, and always generous in sharing his knowledge. I will always admire his remarkable ability to distil complex macroeconomic and fixed income concepts into clear, engaging insights. His passing is a tremendous loss to the financial industry, but his legacy will live on through the many people he inspired.
My heartfelt condolences to his family and loved ones. RIP, Jim.
My thoughts are with his family, friends, and everyone who had the privilege of knowing him.
The sad news reached me during a hike, with plenty of time for my mind to wander down memory lane. I'd just like to acknowledge Jim's impact on my professional development - I'm very grateful that our paths crossed so early in my career. Jim's inspiring creativity, clear vision and leadership as well as his cultural edginess and intellectual curiosity that was second to none, were highly formative for me as a junior on the Bond Vigilantes team. A lot that I know about bonds, markets and the economy is based on what Jim taught us. He drove us to think out of the box, question what's been taken for granted, and he created something really special at the time by doing so.
I'm going to be always grateful for my time on his team, and for the countless times mentoring me throughout these years. I'm also very grateful for giving me the opportunity to run with the commercialisation of his Global Macro Bond Fund, getting away with running the Global Beast Fund for the team's entertainment, trusting my judgement of Berlin music clubs and having my back when I just had pushed the boundaries again or turned up to Lord's cricket ground in a Germany football shirt.
Thank you and rest in peace, Jim.
About 12 years ago he asked me to sign his application forms for the MCC as he was a fellow cricket lover. He sent me the most delightful and unnecessary thank you letter. It is so sad he didn’t survive to get his Red membership card, however I am sure he will be watching from above.
Sadly missed, and my genuine condolences to his family
Caspar

