Sir Brian Pitman, veteran banker and former Lloyds chairman, dies

By Jonathan Russell 715PM GMT eleven March 2010

Sir Brian Pitman, the maestro landowner and former Lloyds TSB chairman, has died elderly 78.

The man who rose from his initial pursuit as a jazz trombonist to lead Lloyds Bank for eighteen years suffered a heart conflict progressing this week.

Although he late from Lloyds roughly 10 years ago, he one after another to be an active participation in the City with non-executive purposes on the play of Singapore Airlines, Tomkins and Carphone Warehouse.

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He was authority of Virgin Money and was being lined up to lead Northern Rock if Sir Richard Branson"s organisation succeeded in shopping it.

He additionally acted as an confidant to Morgan Stanley International. Chairman and arch senior manager Walid Chammah pronounced "He was one of the majority respected, smart and judicious bankers of his generation. Those of us who had the payoff of operative with him will recollect him as modest, thoughtful, and estimable of the apply oneself and admiration."

Sir Brian, in his time as arch senior manager and afterwards authority of Lloyds, built the bank from a �1bn commercial operation to a �32bn craving by concentrating on sell banking.

He refused to concede Lloyds to enhance in to investment promissory note and after pang from bearing to the Latin American emperor debt predicament incited his behind on tellurian expansion.

Despite, or maybe since of this truth he grew Lloyds in to the largest of the big 4 high travel banks. He led the takeover of TSB in 1995, a year after being knighted for services to banking. .

Lloyds Banking Group arch senior manager Eric Daniels pronounced "Sir Brian was a indeed inspirational leader, who contributed an huge volume to Lloyds over most years. He was a soaring figure in the industry and was concerned in most of the vital changes that have made the promissory note sector."

Sir Brian"s repute as an astute, regressive landowner led to him being regularly called on to suggest on promissory note crises. In the 1970s he was concerned in the Bank of England"s boat cabinet tasked with addressing the delegate promissory note crisis.

Just dual weeks ago he appeared prior to MPs on the successful Future of Banking Commission to suggest his views on how to residence the stream promissory note crisis.

The tied together father of 3 was additionally a cricket partner and part of of the MCC.