Hargreaves Lansdown (LON: HL) introduced on Monday the choice of its CEO and Government Director, Chris Hill to retire. The corporate is now actively searching for a successor because the handover interval has been set for till November 2023.
Hill is leaving a big mark on the British monetary service firm as he led the corporate via the pandemic-induced disaster and carried out new methods. The official announcement additional highlighted “vital development in belongings below administration and shopper numbers” below his management.
Nevertheless, the income of the corporate within the first 4 months of 2022 dropped from £233.2 million to £196.5 million. The year-to-date shopper development of 90,000 got here in keeping with pre-covid ranges, whereas the shopper retention fee reached 92.4 %.
“Chris has efficiently led the corporate via a interval of great change,” mentioned Deanna Oppenheimer, Hargreaves Lansdown’s Chair. “He’s leaving HL as a stronger firm, with a clearly outlined technique that the Board absolutely helps.”
“Having began the implementation of the following part of the corporate’s development, Chris has determined it’s time to move the reins to a brand new CEO to proceed to execute on this technique and construct on our market-leading proposition.”
A Monetary Trade Veteran
Hill joined Bristol-headquartered Hargreaves Lansdown in February 2016 because the Chief Monetary Officer. He was promoted to Deputy CEO a 12 months later after which turn into CEO, now holding that apex function for nearly six years.
He’s additionally a monetary business veteran, having spent three a long time in complete with varied corporations in government roles.
Earlier than Hargreaves Lansdown, Hill was the CFO at IG Group, London’s largest CFDs buying and selling platform , between April 2011 and October 2015. He additionally spent greater than 4 years at Travelex, first as Group Monetary Controller after which as CFO.
“I’ve been privileged to steer the Firm during the last six years via a interval of development and likewise an unprecedented time of change,” Hill mentioned referring to his tenure as CEO at Hargreaves Lansdown.
“I set in prepare a complete technique to make sure the corporate stays on the forefront of wealth administration, together with offering purchasers with the very best digital instruments. Having put in place robust foundations which might be already delivering outcomes, together with an distinctive management workforce, it will likely be time after a considerate transition at hand over to my successor to take the corporate via the following part of embedding this technique.”
Hargreaves Lansdown (LON: HL) introduced on Monday the choice of its CEO and Government Director, Chris Hill to retire. The corporate is now actively searching for a successor because the handover interval has been set for till November 2023.
Hill is leaving a big mark on the British monetary service firm as he led the corporate via the pandemic-induced disaster and carried out new methods. The official announcement additional highlighted “vital development in belongings below administration and shopper numbers” below his management.
Nevertheless, the income of the corporate within the first 4 months of 2022 dropped from £233.2 million to £196.5 million. The year-to-date shopper development of 90,000 got here in keeping with pre-covid ranges, whereas the shopper retention fee reached 92.4 %.
“Chris has efficiently led the corporate via a interval of great change,” mentioned Deanna Oppenheimer, Hargreaves Lansdown’s Chair. “He’s leaving HL as a stronger firm, with a clearly outlined technique that the Board absolutely helps.”
“Having began the implementation of the following part of the corporate’s development, Chris has determined it’s time to move the reins to a brand new CEO to proceed to execute on this technique and construct on our market-leading proposition.”
A Monetary Trade Veteran
Hill joined Bristol-headquartered Hargreaves Lansdown in February 2016 because the Chief Monetary Officer. He was promoted to Deputy CEO a 12 months later after which turn into CEO, now holding that apex function for nearly six years.
He’s additionally a monetary business veteran, having spent three a long time in complete with varied corporations in government roles.
Earlier than Hargreaves Lansdown, Hill was the CFO at IG Group, London’s largest CFDs buying and selling platform , between April 2011 and October 2015. He additionally spent greater than 4 years at Travelex, first as Group Monetary Controller after which as CFO.
“I’ve been privileged to steer the Firm during the last six years via a interval of development and likewise an unprecedented time of change,” Hill mentioned referring to his tenure as CEO at Hargreaves Lansdown.
“I set in prepare a complete technique to make sure the corporate stays on the forefront of wealth administration, together with offering purchasers with the very best digital instruments. Having put in place robust foundations which might be already delivering outcomes, together with an distinctive management workforce, it will likely be time after a considerate transition at hand over to my successor to take the corporate via the following part of embedding this technique.”
