Hargreaves Lansdowne chief Chris Hill to quit next year

Hargreaves Lansdown’s chief executive will quit after six years leading the UK’s largest investment platform, as the company seeks to deliver on ambitious plans for teach-in led growth.

Chris Hill, who has steered the FTSE 100 group since 2017, on Monday said he would step down by November next year, giving the board time to find a replacement.

The move comes after Hill in February outlined a five-year strategy to invest £175mn in upgrading the investment platform’s systems and building a techled financial advice service, funded in part by cutting dividends. Shares fell on the day of the announcement and are down 45 per cent over the past 12 months.