Board of directors
Groups
Board Members
Penny James
Non-Executive Interim Chair
Appointed to the Board:
September 2021
Skills, competence and experience:
Penny brings extensive financial services experience with strong leadership skills, financial and risk expertise, strategic thinking and cultural alignment. Penny was previously Chief Financial Officer then Chief Executive Officer of Direct Line Insurance Group plc. Prior to this she has held a number of roles including Group Chief Risk Officer and Director of Group Finance at Prudential plc, Group CFO at Omega Insurance Holdings Limited, and CFO of UK General Insurance, at Zurich Financial Services. Penny was previously a non-executive director of Admiral Group plc from 2015 to 2017.
Committee membership:
Nomination and Governance Committee (interim Chair)
Other current appointments:
Co-Chair of the FTSE Women Leaders Review
Dan Olley
Chief Executive Officer
Appointed to the Board:
June 2019
Chief Executive Officer since August 2023 (Independent Non-Executive Director June 2019 – August 2023)
Skills, competence and experience:
Prior to his appointment as Chief Executive Officer, Dan was CEO of dunnhumby Ltd from January 2022. Dan joined HL as a seasoned and experienced senior technology leader and has a track record of driving digital transformations in established businesses, including financial services, insurance, business information solutions, research, and healthcare. Dan brings a problem solving and analytical skillset, along with experience of successfully implementing advanced technologies to drive both revenue growth and operational process efficiency and optimisation. During his tenure as an Independent Non-Executive Director of HL, Dan was a Member of the Risk and Remuneration Committees.
Committee membership:
None
Other current appointments:
None
Amy Stirling
Chief Financial Officer
Appointed to the Board:
February 2022
Skills, competence and experience:
Amy has significant financial and strategic leadership experience in client facing businesses across the
telecommunications and financial services sectors. She has considerable transformation and M&A experience at both executive and non-executive level
and is a qualified chartered accountant. Amy was previously Chief Financial Officer of the Virgin Group
and other previous appointments include non-executive
director and chair of the Audit Committee at RIT Capital
Partners plc, non-executive director at Virgin Money UK plc, Chief Financial Officer of The Princes Trust and Chief Financial Officer at TalkTalk Telecom Group Plc.
Committee membership:
None
Other current appointments:
Trustee of HL Foundation
John Troiano
Independent Non-Executive Director
Appointed to the Board:
January 2020
Skills, competence and experience:
John has significant investment and asset management
experience. John has spent 38 years at Schroders in a wide range of roles including investment research and analysis, fund management, and has worked across
both retail and institutional channels. Most recently, as Head of Distribution, he was responsible for the design and implementation of business strategy globally and the oversight of sales and client service activities.
Committee membership:
Risk Committee
Audit Committee
Remuneration Committee
Other current appointments:
Independent Non-Executive Director of Hargreaves Lansdown Fund Managers Ltd
Andrea Blance
Interim Senior Independent Director
Appointed to the Board:
September 2020
Skills, competence and experience:
Andrea is a qualified accountant and brings extensive Board and financial services experience having spent her executive career at Legal & General Group plc where she was a member of the Group Executive Committee
and held a diverse range of senior leadership roles
including finance, risk and regulation, marketing, and strategy. Andrea’s past non-executive roles include Risk
Committee Chair at Scottish Widows plc and Lloyds
Banking Group Insurance Division, Senior Independent
Director and Audit Committee Chair at ReAssure Group
plc and a member of William & Glyn’s pre-IPO board.
Committee membership:
Risk Committee (Chair)
Audit Committee
Nomination and Governance Committee
Other current appointments:
Senior Independent Director of Vanquis Banking Group plc (formerly Provident Financial Group plc)
Non-Executive Director and Chair of the Board Risk Committee at Aviva plc
Moni Mannings
Independent Non-Executive Director
Appointed to the Board:
September 2020
Skills, competence and experience:
Moni is a qualified solicitor with a strong background in international banking and finance and was a Senior Partner and Board member of law firm Olswang LLP. She has held a number of non-executive positions including as a Board member of Dairy Crest Group plc,
Polypipe Group plc, the Solicitors Regulation Authority
(chairing its Equality, Diversity, and Inclusion Committee), Cranfield University, Deputy Chair of Barnardo’s and Senior Independent Director of Investec Bank plc.
Committee membership:
Remuneration Committee (Chair)
Nomination and Governance Committee
Risk Committee
Other current appointments:
Non-Executive Director of easyJet plc
Non-Executive Director and Remuneration Committee Chair of Cazoo Group
Adrian Collins
Non-Independent Non-Executive Director
Appointed to the Board:
November 2020
Skills, competence and experience:
Adrian has worked in the fund management business for over 50 years, most recently at Liontrust Asset Management where he served as Executive Chairman from 2009 to 2019. During this period, Adrian oversaw a transformation in the business, broadening its investment and distribution capabilities and undertaking numerous acquisitions. Adrian has extensive experience across fund management and adjacent sectors having held senior roles at Gartmore, where he was Managing Director, Trustnet (which he co-founded), Jupiter,
Bestinvest and Lazard Investors. He is an experienced non-executive director.
Adrian has been appointed to the Board as a
shareholder representative and as such is not deemed
to be independent.
Committee membership:
None
Other current appointments:
Chairman of Logistics Development Group plc (formerly Eddie Stobart Logistics plc)
Darren Pope
Independent Non-Executive Director
Appointed to the Board:
September 2022
Skills, competence and experience:
Darren has considerable and extensive experience within the retail banking and financial services sectors where he held senior and Board level positions. At present, Darren is Chair of the Remuneration Committee at Virgin Money plc, SID and Chair of Audit Committee at Network International Holdings plc and the Non-Executive Chairman of HSBC Innovation Banking. Until December 2019 he served as SID and Chair of Audit Committee with Equiniti plc. Throughout his career, Darren held several executive banking and finance roles at Lloyds Banking Group and was the CFO of TSB Bank plc.
Committee membership:
Audit Committee (Chair)
Nomination and Governance Committee
Risk Committee
Other current appointments:
Non-Executive Director and Remuneration Committee Chair of Virgin Money plc
Senior Independent Director and Chair of Audit Committee of Network International plc
Non-Executive Chairman of HSBC Innovation Banking (formerly Silicon Valley Bank UK Ltd)
Michael Morley
Independent Non-Executive Director
Appointed to the Board:
August 2023
Skills, competence and experience:
Michael has over 30 years of executive and board experience in international financial services with in-depth knowledge of private banking and wealth management markets around the world. He was previously CEO of Coutts and of Deutsche Bank’s UK wealth management arm, and Chair of RBS International.
Committee membership:
Remuneration Committee
Risk Committee
Other current appointments:
Non-Executive Director of Deutsche Bank SAEU (Spain)
Non-Executive Director of Deutsche Bank SA (Switzerland)
Senior Independent Director of Personal Investment Management and Financial Advice Association (PIMFA)
Deputy Chair of Centre for Mental Health
Board Diversity
Lord Davies' Women on Boards Review (published in February 2011) recommended that Chairmen of FTSE 350 companies should ensure that their boards discuss the subject of female representation on their board, and set out their position.
The Board of Hargreaves Lansdown plc is committed to maintaining the highest standards of corporate governance. We regard the composition and the effectiveness of our Board as a crucial element of our corporate governance. A copy of our Board Diversity Policy can be found here.
When assessing new appointments to our Board, we review carefully the combined skills and experience of the existing Board members to determine what characteristics we are looking for from a new director. Each member of the Hargreaves Lansdown Board must have the skills, experience and character that will enable each director to contribute both individually, and as part of the team, to the effectiveness of the Board and the success of the Company. We believe that diversity amongst Board members is of great value but that diversity is a far wider subject than just gender, and we remain committed to inclusion in all its forms.
We have made an action plan to increase the number of women working in senior management positions, as well as to ensure that high-potential and high-performing candidates in less senior roles have the opportunities needed to ensure progression occurs.
As of today, the Board numbers 9 in total, comprising 2 executive directors and 7 non-executive directors of which 6 are independent (including the Chair). Women directors constitute 45% of the Board. In addition the Board meets the Parker Review recommendation for FTSE100 Boards to have at least one director from an ethnic minority background by 2021.
Penny James
8 December 2023