From March 2016 onwards, Hill will become CFO of Hargreaves Lansdown, bringing to an end a five-year period as finance chief at IG Group.
Prior to joining IG Group, Hill was CFO at Travelex between 2007 and 2008. He also served as finance director for UK and Ireland at VWR International for a year and a half.
The move comes less than a month after IG Group chief executive Tim Howkins announced he would be retiring after nine years at the helm of the business. During that time he grew revenues from £12m to £400m.
Commenting on his departure, Hill said: “I have always admired the Hargreaves Lansdown business and I am looking forward to this opportunity to contribute to its continued future success.
“I will be sorry to leave such a great business, but I am excited about the opportunity presented by Hargreaves Lansdown, an established FTSE 100 company. I know I will be leaving IG in robust health, with a talented leadership team and a range of initiatives which should drive growth into the future.”
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IG Group revealed it will being a “thorough search and selection process” for Hill’s replacement, but will have his services until March.
Andy Green, chairman of IG, said: “We are disappointed to lose Chris, but we understand his decision. Chris has provided great service to IG over the last four years and has played an important role as part of a leadership team that has set out a clear strategic vision for IG.”
Market reaction to the news saw shares in IG Group open down 0.6 per cent at 719p.
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