Hargreaves Lansdown CEO Dan Olley to step down

(Sharecast News) - Investment broker Hargreaves Lansdown said on Thursday that chief executive Dan Olley was leaving the firm after less than two years in the job. 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.