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Watkins was "widely considered to be the foremost British Big Band trumpet player" of all time, said Mr Biggs.
BBC: James Bond trumpeter Derek Watkins dies
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Indeed, at one point Mr Biggs thought he had been offered the job, but the offer was apparently rescinded.
ECONOMIST: The boss bows out | The
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Mr Biggs is reported to be suing for the right to stay under the Human Rights Act, recently made part of British law.
BBC: Plans to expel Biggs's son denied
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But this is a thorny issue which BMW is reluctant to discuss - beyond Mr Biggs' insistence that "our business is in good shape".
BBC: NEWS | Business | Rolls-Royce plans convertible future
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Mr Biggs described his friend as "a people's person - no side, no ego, a fun-loving musician who couldn't get enough of life, who loved his family".
BBC: James Bond trumpeter Derek Watkins dies
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Mr Biggs said he was assured six weeks ago that a deal was imminent but there was still haggling over costs of developing the land and existing debts.
BBC: Olympic park legacy deal finally agreed
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Some believed that Mr Pitt had indeed offered Mr Biggs the job, but had buckled under pressure from his former clients in the accounting industry, who were worried about Mr Biggs's reforming zeal.
ECONOMIST: The boss bows out | The
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In addition to writing investment books and magazine columns on investment advice, Mr. Biggs was an avid outdoorsman.
WSJ: In Biggs, Wall Street Loses the Voice of a Bygone Era
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Reporters discovered that he did exist, although Mr. Biggs later admitted he had made up most of the quotes.
WSJ: In Biggs, Wall Street Loses the Voice of a Bygone Era
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Mr. Biggs was remembered in particular for his incisive, sometimes self-deprecating writing style.
WSJ: In Biggs, Wall Street Loses the Voice of a Bygone Era
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Suspicious readers accused Mr. Biggs of inventing the plumber.
WSJ: In Biggs, Wall Street Loses the Voice of a Bygone Era
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However Mr Straw has now reversed his decision, citing medical evidence that Biggs's condition has deteriorated and he was not expected to recover.
BBC: Profile: Ronnie Biggs