Dan Olley to take over as the new CEO of Hargreaves Lansdown on 7 August.

British financial services firm Hargreaves Lansdown (HL) has confirmed that Dan Olley will join the firm as chief executive officer on August 7th. Dan Olley, who previously served as CEO at Dunnhumby, a global customer data science company, will bring his expertise in digital transformation to his new role. He will also retain a position on the Hargreaves Lansdown’s board as an executive director.

This announcement comes after Chris Hill resigned from his position as CEO at the online brokerage firm, which was made public in October. He will remain in the role until November 2023 to support a smooth transfer of power. Hargreaves Lansdown has 18 funds with a total of £8.6 billion ($10.8 billion) in assets under administration as of the end of March.

Dan Olley is a highly experienced and accomplished senior technology leader with a proven track record in driving digital transformations across various industries, including financial services, insurance, business information solutions, research, and healthcare. Most recently, Dan served as Chief Executive Officer of Dunnhumby and CTO of Elsevier, the science, technology and healthcare division of RELX (REL.L). Prior to joining RELX’s Reed Business Information division in 2004, Dan held numerous other leadership roles at IBM (IBM.N), WPP (WPP.L), and GMAC. Currently, Dan also serves on the PLC board of Hargreaves Lansdown (HRGV.L) and the industrial advisory board of Imperial College London.

In addition to the CEO appointment, Hargreaves Lansdown has also named Toby Vaughan as its Chief Investment Officer (CIO). Vaughan, formerly the group head of investment management at private banking firm Brown Shipley, will assume the CIO role, replacing Lee Gardhouse. Gardhouse had been with Hargreaves Lansdown since 1995 and had served as CIO since 2016.

These leadership changes reflect Hargreaves Lansdown’s focus on leveraging digital capabilities and driving innovation in the investment industry. Olley and Vaughan’s combined expertise will contribute to the company’s ongoing growth and commitment to providing exceptional services to its clients.

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