Lord Mayor Nicholas Lyons and Policy Chairman at the City of London Corporation, Chris Hayward said:

“We’re greatly saddened to hear the news of Sir Win Bischoff’s passing. He was an exceptional leader, well respected by colleagues and peers alike, and his contributions to the banking industry were immeasurable.

“Colleagues at the City Corporation are grateful for the opportunity to have known and worked with him over the years and will continue to honour his memory by working towards creating a more sustainable future for all.

“Our thoughts and deepest sympathies are with Sir Win’s family and loved ones during this difficult time.”