Investment broker Hargreaves Lansdown said on Thursday that chief executive Dan Olley was leaving the firm after less than two years in the job.
Source: Sharecast
Independent non-executive director Richard Flint will take up the role on an interim basis and Olley will remain in the job for a three-month handover period. He will also remain available to the company for a further two months.
Olley said: "Looking at what has already been delivered, and knowing what is coming over the next few months, I feel honoured to have been part of HL at such a pivotal time and set the foundations for a transformation that I feel sure will only accelerate further under HL’s new ownership."
Hargreaves Lansdown agreed last year to be taken over by a consortium including private equity firm CVC Capital Partners, Abu Dhabi's sovereign wealth fund and Swedish private equity firm Nordic Capital for $5.4bn.
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
