Hargreaves Lansdown boss Dan Olley has announced his departure less than two years after taking the helm at Britain’s biggest investment platform.
It comes two months after a private equity consortium including CVC Capital Partners, Nordic Capital and the Abu Dhabi Investment Authority completed a £5.4billion acquisition.
Olley will remain in place for a three-month handover period and be replaced on an interim basis by Hargreaves director Richard Flint, a former boss of Sky Bet.
Hargreaves manages assets of more than £157billion for its 1.9m clients.
Founded in 1981, it floated in 2007, and lately has faced competition from the likes of AJ Bell and Interactive Investor.
Stepping down: Hargreaves Lansdown boss Dan Olley took the helm at Britain’s biggest investment platform less than two years ago
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