British wealth manager Hargreaves Lansdowne has appointed Deanna Oppenheimer as its new non-executive chairman, replacing Mike Evans who will retire from the board.

Oppenheimer will also assume the role of chairman of the nomination committee.

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Oppenheimer currently serves as the senior independent director and chair of remuneration committee at Tesco, non-executive director and chair of the remuneration committee at Whitbread, and non-executive director at AXA Group and Worldpay.

She previously also had a stint at Barclays, as well as founded advisory firm CameoWorks.

Meanwhile, Chris Barling will step down as a non-executive director. He will also be replaced as the senior independent non-executive director (SID) by Shirley Garrood.

Barling has been working as SID and chairman of the remuneration committee since October 2013.

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All the appointment changes will be effective on 7 February 2018. At the same time, Oppenheimer will also become a director at the firm, with immediate effect.

Hargreaves Lansdown CEO Chris Hill said: “We are delighted to announce Deanna’s appointment.  The knowledge and experience that she has built up throughout her executive and non-executive career, with its focus around customer engagement and technology, make her an ideal Chair to lead the Board into our next phase of growth.

“Mike joined the Board of Hargreaves Lansdown in September 2006 prior to the IPO in May 2007 and his integrity and leadership style has contributed strongly to the development of the Board and our governance framework.”