Sir Winfried Franz Wilhelm Bischoff was the chairman of Lloyds Banking Group and a German-born British banker.
Win Bischoff died at the age of 81, on Tuesday, 25 April 2023 of natural causes according to his family.
Lloyds’ Chairman Robin Budenberg and Jamie Dimon, Chairman and Chief Executive of JP Morgan, also tributes to Bischoff, who was awarded a knighthood in 2000 for services to banking.
“Sir Win was a giant of our industry,” Dimon said. “A pivotal and calming leader through the financial crisis – his wisdom has left an indelible influence on our management teams. It is a true honour to have worked with him so closely,” Dimon added in a statement.
Winfried Bischoff was born in Aachen, Germany, and received his primary and secondary education in Cologne and Düsseldorf.
He moved to Johannesburg in 1955 and earned a Bachelor of Commerce degree from the University of the Witwatersrand in 1961.
Winfried Bischoff previously served as Citigroup’s chairman and interim CEO in 2007. On December 11, 2007, Vikram Pandit took over as CEO.
Win Bischoff was regarded as one of the industry’s most astute leaders, with a knack for reviving banks battered by the 2007 subprime mortgage crisis and subsequent credit crunch in the United States.