Hargreaves Lansdown chief executive Ian Gorham is to step down from his role next year.
Gorham, who has been at the helm of the firm for seven years, will be succeeded by group chief financial officer Chris Hill.
Meanwhile, Hill will become deputy chief executive officer from 1 October ahead of taking the chief executive role, subject to regulatory approval. Hill joined Hargreaves Lansdown in February from IG.
Hargreaves Lansdown chairman Mike Evans says: “Ian has done a fantastic job of leading Hargreaves Lansdown to its current position of a market leading successful FTSE 100 business, serving the investment needs of 836,000 clients and looking after £61.7bn of the UK public’s assets.
“The board thanks Ian for his outstanding contribution to Hargreaves Lansdown. We are delighted to appoint Chris Hill as our deputy chief executive.”
Gorham says: “I have loved leading Hargreaves Lansdown and working with the great clients, colleagues and shareholders of this group.
“I have put my full energies into the business, something a unique group of the quality of Hargreaves Lansdown demands. I believe the group is in excellent hands and that shareholders and clients shall be best served by new zest being applied to [its] activities.”