Hargreaves Lansdown names Vanguard’s Matt Benchener as next CEO, effective July 2026, following a 2025 takeover and planned tech overhaul.

Hargreaves Lansdown has appointed Matt Benchener, currently Vanguard’s managing director for US retail investing, as its next CEO, effective July 2026, following regulatory approval. Benchener, with over 17 years at Vanguard, will join in March 2026 to transition from interim CEO Richard Flint, who will become deputy chair. The appointment follows the company’s 2025 private equity takeover by CVC Capital Partners and the Abu Dhabi wealth fund, which plans a technology-driven transformation. Founder Peter Hargreaves praised Benchener’s alignment with the firm’s client-first culture. The leadership change coincides with Chancellor Rachel Reeves’ proposed 2027 ISA reform, shifting part of the allowance from cash to stocks and shares.