Pitman spent nearly 50 years at Lloyds, rising through the ranks to become chief executive before retiring in 2001.
Not one to rest on his laurels, he was recently appointed chairman of Sir Richard Branson's Virgin Money in preparation for its launch onto the High Street.
The British Bankers Association’s chief executive, Angela Knight, said: “Brian Pitman was a City giant. He was widely recognised for his knowledge and ability and also his willingness to get involved. He was a man of many interests but always had time to listen and was generous with his time and experience. I knew him personally and, like many, will miss his vibrant presence. "