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Evening Standard
Evening Standard
Alex Daniel

Close Brothers gets new boss amid looming crisis for car finance industry

Close Brothers Mike Morgan FCA
Close Brothers’ new chief joins during a year of potential crisis for the car finance industry (Ben Whitley/PA) - (PA Wire)

Adrian Sainsbury, the chief executive of motor finance giant Close Brothers, has stepped down after a period of medical leave and been replaced by Mike Morgan, a senior executive at the bank.

Mr Sainsbury quit on January 6 after taking medical leave in September, with finance director Mr Morgan being made chief executive on a permanent basis.

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