Close Brothers group chief executive Adrian Sainsbury has stepped down from his position to focus on his health, with effect from 6 January.

Close Brothers CEO Adrian Sainsbury is to continue his medical leave of absence which began in September, the company said today in a trading update.

Operating income rose 1% to £944.2m for merchant bank and investment provider Close Brothers for the year ending 31 July.

Close Brothers group chief executive Adrian Sainsbury has taken temporary medical leave of absence from the business, the company revealed today.