The chief executive of Close Brothers Group will be temporarily taking medical leave from the business.
The company made the announcement of Adrian Sainsbury's temporary leave of absence in a stock exchange notice today (September 16).
It said: "The group has put in place robust temporary cover arrangements to ensure continuity in the delivery of the group's strategy during this period.
"Mike Morgan, group finance director, will assume Adrian's principal responsibilities supported by the chairman, Mike Biggs, and members of the senior management team."
Close Brothers' full year results announcement will take place on Thursday (September 19) and will be hosted by Morgan.
Sainsbury was appointed CEO in 2020 and has been with the company for more than 11 years.
He joined Close Brothers in 2013 as chief executive of the commercial division before becoming director of Close Brothers Limited, the group’s principal banking subsidiary, in August 2013.
He had previously held executive roles at Barclays, RBS and Bank of Ireland and was chief executive of ANZ Bank in Europe.
tara.o'connor@ft.com
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