Hargreaves Lansdown chair rumoured to have resigned under pressure

Reports are circling regarding Deanna Oppenheimer's position

Elliot Gulliver-Needham
clock • 1 min read

Hargreaves Lansdown chair Deanna Oppenheimer has stepped down from her role after pressure from co-founder Peter Hargreaves, reports say.

Hargreaves, who owns a 20% stake in the company he founded alongside Stephen Lansdown in 1981, left the board in 2015. He recently lashed out at the chair over the performance of the firm. "Look at the performance of the company while Deanna Oppenheimer has been chair — it has diabolical. She has presided over a disaster," Hargreaves said in October last year. Sky News  has now reporter that the firm has begun working with headhunters to replace the outgoing chair. In October, Oppenheimer was re-elected with 66.5% of the vote at the firm's annual general meeting, after Hargreaves p...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read
PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read