Hargreaves Lansdown co-founder Peter Hargreaves steps down from board

clock

Hargreaves Lansdown co-founder Peter Hargreaves is to step down from the board of the wealth business with immediate effect.

Hargreaves co-founded the platform with Stephen Lansdown in 1981 but will now step back from the board to focus on "outside interests". He will remain an employee of the business, the FTSE 100-listed company said in a stock exchange announcement on 14 April. Hargreaves remains the largest single shareholder in the business, holding a 32% stake as of February 2015, according to S&P Capital IQ. The announcement sent the platform's shares down 3.9% to £11.89 shortly before midday on 14 April. Chairman Mike Evans said: "Having founded this business with Stephen Lansdown in 1981, Peter ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read