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

Beyond avocado analogies: Examining the UK equity market

Beyond avocado analogies: Examining the UK equity market

'If the UK stock market were a fruit, it would undoubtedly be an avocado'

James Sullivan
clock 19 June 2024 • 5 min read
Challenging markets can lead to investment opportunities

Challenging markets can lead to investment opportunities

Taking a longer-term view on falling asset prices

Natalie Tysoe
clock 18 June 2024 • 4 min read
Advisers say 'cash returns don't cut it' as equity exposure soars

Advisers say 'cash returns don't cut it' as equity exposure soars

Three quarters of advisers have helped clients increase equities exposure

Hope Coumbe
clock 14 June 2024 • 1 min read