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New Close Brothers Chief Executive

We are pleased to announce that Adrian Sainsbury has been selected to succeed Preben Prebensen as Chief Executive. Adrian will take up the new position, and become an Executive Director of the group, with effect from 21 September 2020.

Adrian has been Managing Director of Close Brothers' Banking division and a member of the group Executive Committee since November 2016, having joined Close Brothers in 2013 as Chief Executive of the Commercial division. He became a director of Close Brothers Limited, the group's principal Banking subsidiary, in August 2013. Adrian has previously held executive roles at Barclays, RBS and Bank of Ireland and was Chief Executive of ANZ Bank in Europe.

The Board would like to thank Preben Prebensen for his outstanding leadership and very significant contribution over the last 11 years. He has overseen the transformation of the group over this period and leaves it in an excellent position operationally and financially and with a strong executive team.