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Hargreaves’ platform director steps down after reshuffle

Hargreaves’ platform director steps down after reshuffle

The director of Hargreaves Lansdown’s Vantage and broking operations, Nick Marson, has left the firm as part of a management reshuffle.

He had been in the role for six years after joining the Bristol-based group’s back office in 2007.

Mr Marson’s responsibilities have been reallocated between chief operating officer Vikki Williams and commercial director Ian Hunter.

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Earlier this month, Hargreaves Lansdown reported net new business inflows of £1.43bn for the quarter – up 47 per cent on the same period in 2014 – and total active client numbers are up by 24,000.

However, while total revenues for the year to the end of June rose by 10 per cent to £395m, pre-tax profits fell by 5 per cent to £199m. The operating profit also declined by 5 per cent to £198m.

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The firm declined to comment any further on the change, but a spokesman for Hargreaves Lansdown said that the team “wished him well for the future”.

peter.walker@ft.com