Hargreaves Lansdown boss Dan Olley to step down after less than two years

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 GBP5.4billion 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 GBP157billion 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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