Peter Hargreaves, the co-founder and former CEO of Hargreaves Lansdown, has been given a CBE in the New Year's Honours list, while former Bank of England (BoE) deputy governor Paul Tucker has been knighted.
Hargreaves, who launched the trading business in 1981 with Stephen Lansdown, was recognised for services to business innovation, financial services and to the city of Bristol, where the company is based.
According to the Sunday Times' most recent Rich List, Hargreaves has a personal fortune of more than £1.5bn and is one of the UK's 50 wealthiest individuals.
Elsewhere, Tucker, who lost out to Mark Carney in the running for governor of the BoE, was knighted for services to central banking. Tucker, deputy governor between March 2009 and June 2013, has been credited with helping improve a regulatory regime which allowed banks to become "too big to fail".
Meanwhile, Katherine Garrett-Cox, the chief executive of Alliance Trust, has also been created a CBE for services to the asset management industry and for charitable service through the Baring Foundation.
In 2013, Garrett-Cox was critical of the proliferation of what she called 'orphan' investment funds.
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