Close Brothers CEO Adrian Sainsbury on temporary medical leave, Finance Director Mike Morgan assumes responsibilities.

Close Brothers, a UK-based financial services firm, announced that CEO Adrian Sainsbury is on a temporary medical leave. The company has not disclosed the reason for his absence or a return date. Finance Director Mike Morgan will manage Sainsbury's responsibilities, including the upcoming full-year results announcement on September 19. Close Brothers recently reported a significant increase in pre-tax profits and plans to strengthen its finances amid an FCA investigation.