Peter Burt

Sir Peter Alexander Burt FRSE (6 March 1944 – 28 November 2017)[1] was a Scottish businessman, former chief executive and later governor of the Bank of Scotland.

Following the merger, he served as deputy chairman of HBOS and Governor of the Bank of Scotland, (a largely ceremonial role) from 2001 to 2003, and left the board afterwards.

By September 2008 HBOS was revealed to be in a poor financial condition and word broke of advanced merger talks with Lloyds TSB, the reports were later confirmed.

[4] In light of this development, news surfaced on 8 November of a letter from Burt and his contemporary Sir George Mathewson to HBOS Chairman Lord Stevenson.

The letter explained that the roles of chairman and chief executive would be filled by Mathewson and Burt respectively and that HBOS would continue to trade as an independent bank majority owned by The Treasury.