Ant&oacutenio Horta-Os&oacuterio is taking a temporary leave of absence from his duties as group chief executive of Lloyds Banking Group.

This follows medical advice from his doctors.

The banking group says he is expected to return to his position before the end of the year.

Tim Tookey has been appointed interim group chief executive during Ant&oacutenio Horta-Os&oacuterio’s temporary leave of absence in addition to his role as chief financial officer.