- Close Brothers Group announces that after ten years, Preben Prebensen has decided that he will step down as chief executive, and move on to the next stage of his career.

The board will now commence a formal search for a successor, considering both internal and external candidates. Preben will remain with the group for the next 12 months to ensure a smooth handover.

Preben Prebensen, chief executive, said: 'After ten years as chief executive, it is now time for me to hand over the leadership of Close Brothers.'

'It has been a privilege to lead such a special and successful organisation, and I am deeply grateful for the dedication and commitment of our employees and the support of the Board during this time.

'The group is clearly well positioned for the years ahead, with an excellent team in place, and I look forward to working closely with the Board over the next year to continue delivering on our strategy and ensure a smooth and successful transition.' At 10:15am: [LON:CBG] Close Brothers Group PLC share price was -19p at 1356p

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