Close Brothers Group Plc named Mike Morgan as its new chief executive officer to succeed Adrian Sainsbury, who has stepped down to focus on his health, according to a statement.

Close Brothers have appointed Mike Morgan as their new group CEO following the resignation of Adrian Sainsbury, who stepped down after a period of medical leave. Sainsbury, who joined the firm in 2006 and became chief executive in 2020, resigned on 6 January.

Adrian Sainsbury has stepped down from his position as CEO from Close Brothers Group, following a period of medical leave.

Close Brothers Group announced on Tuesday that Adrian Sainsbury had officially stepped down as group chief executive and executive director, effective 6 January, to focus on his health following a period of medical leave.

The chief executive of Close Brothers Group, Adrian Sainsbury, has stepped down after taking medical leave in September.

Adrian Sainsbury has resigned as CEO of Close Brothers with immediate effect, after he took a medical leave of absence in September