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Hargreaves to open tech hub in Poland

Hargreaves to open tech hub in Poland

Hargreaves Lansdown plans to open a technology hub in Poland to expand its software development capabilities.

The larger IT development capability based in Warsaw would increase Hargreaves Lansdown's ability to grow and improve the services offered to clients, the company's bosses said.

Chris Hill, the FTSE 100 company’s incoming chief executive, said: “Hargreaves Lansdown is an innovative and entrepreneurial company, which aims to set the standards for our competitors to follow.

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“Our use of technology has always helped set us apart and given us an advantage over our competitors.

“This proposed expansion is simply an extension of what we have always done.

“Opening a new technology hub in Warsaw will provide us with the expansion capabilities we need.

“Our vision is to be the UK’s number one choice for savings and investments and it is a really exciting time for the Hargreaves Lansdown business.”

Aiming to open in mid-2017, the new technology hub is expected to grow to around 50 people and work on specific development projects.

The company said it chose Warsaw for its “vibrant business culture, flourishing technology sector, excellent communications infrastructure” and the large numbers of English-speaking IT professionals.

Earlier this month Hargreaves Lansdown launched a new app to build on the number of people managing their money online.

damian.fantato@ft.com