Hargreaves Lansdown’s team shrinks as part of overhaul

A small number of the team have departed in recent weeks

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At least four members of the Hargreaves Lansdown team have left the firm in recent weeks, as part of HL’s efforts to strengthen how their team works together, Portfolio Adviser understands.

At the time of writing (11 November), multiple members of the HL team have announced their departure from the team in recent weeks, including Derren Nathan, head of equity research, as well as Jarod N, one of the equity analysts.

On other teams, Megan Reay, a member of the operational risk team, departed last month, citing “redundancy” in a post on LinkedIn, while head of product Michael Loberman also left after four years with the firm.

A spokesperson from HL attributed these departures to changes in the overall organisation.

“As HL continues to make record investment in its digital capabilities and client experience, we are strengthening how our teams work together and creating new specialist roles.

As a result, some roles in the business are changing, and a small number of colleagues will be leaving the business,” they told Portfolio Adviser.

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