People Moves

Hargreaves Lansdown CEO To Step Down

Amisha Mehta, Deputy Editor, London, 7 September 2016

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The London-listed investment house has announced a change at the helm.

Ian Gorham will leave Hargreaves Lansdown by the end of September 2017, having spent seven years as the company’s chief executive. He will hand over to Chris Hill, currently the group chief financial officer.

Gorham joined Hargreaves Lansdown in 2009 as chief operating officer before becoming CEO in September 2010, succeeding Peter Hargreaves. Previously, he was head of financial services at Grant Thornton UK from 2003 to 2009.

Under Gorham’s leadership, Hargreaves Lansdown’s clients have risen from 330,000 to 836,000, with assets under administration growing from £17.5 billion ($23.4 billion) to £61.7 billion. Pre-tax profit, meanwhile has jumped from £86.3 million to £218.9 million.

Hill became CFO at Hargreaves in February this year, having previously held that role at IG Group for four years. He has also held senior leadership roles at Travelex, General Electric and Arthur Andersen.

Hill, who will take the helm following Ian's departure, subject to regulatory approval, will become deputy CEO from October 2016. Appointing a new CFO to replace him will be a priority, the company said in a statement.

“Ian has done a fantastic job of leading Hargreaves Lansdown to its current position of a market leading successful FTSE 100 business, serving the investment needs of 836,000 clients and looking after £61.7 billion of the UK public's assets,” said chairman Mike Evans.

“The Board thanks Ian for his outstanding contribution to Hargreaves Lansdown. We are delighted to appoint Chris Hill as our deputy chief executive.”

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