HARGREAVES Lansdown (HL) yesterday announced that Dan Olley would take over the reins of the trading platform from next year as Chris Hill prepares to step down after six years in charge.

The retail investment firm said that Hill, who announced he would step down in October, will remain in his role until November next year to ensure an "orderly transition" between the two chiefs.

Olley has been on Hargreaves' board as a non-executive director since June 2019 and currently heads up analytics firm Dunnhumby, where he was appointed CEO in January this year.

Chair Deanna Oppenheimer said she was "delighted" Olley was taking on the role.

While the investment platform saw its assets soar during the pandemic, Hargreaves Lansdown and its peers are now facing up to a slide in their assets as investors grow more cautious and the ripples of war in Ukraine shake markets.

Shares bounced around two per cent on the news yesterday.

(c) 2022 City A.M., source Newspaper