Yes, Elgar was a npc at the old Travora island that was implemented 2009. Elgars worked as a bankier and mailman all in one. He was used to acces your bank account and withdraw/transfers gold to other players. And mailman if you wanted to send stuff to someone or send away items that you couldn't bring with you to the new wolrd.
But as of the update of character transfers back in 2015 he was no longer needed, they even remapped the island Travora and made up a story about how the Travora got smaller by the rising sea, thus he got swallowed by the sea and drowned. Later he was washed up on the shore and can now be seen from the boat on the new Travora.
This is how he looked when he was alive :)