HL co-founder Peter Hargreaves to rejoin board after £5.4bn takeover

Co-founded platform in 1981

Linus Uhlig
clock • 1 min read

A decade after stepping down as director, Peter Hargreaves, co-founder of Hargreaves Lansdown (HL), is set to rejoin the board of the investment platform as it prepares to go private.

According to reports from the Financial Times, Hargreaves has nominated himself for a non-executive role and launched a bid for his son, Robert, to become a board observer.  People familiar with the matter explained that Hargreaves, who co-founded the retail investment site in 1981, is expected to take on his role in the coming weeks.  Meanwhile, Robert Hargreaves will attend board meetings, but not have voting rights.  Peter Hargreaves' move back towards the running of the company he set up alongside Stephen Hargreaves follows his repeated lambasting of HL's former management for ...

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 Your profession

PA Asks: Should the FCA intervene to tackle pension delays?

PA Asks: Should the FCA intervene to tackle pension delays?

Plus, did the FCA's consolidation review go far enough?

Professional Adviser
clock 07 November 2025 • 1 min read
FE Fundinfo expands adviser platform with acquisition of Contengo

FE Fundinfo expands adviser platform with acquisition of Contengo

Deal intended to strengthen Nexus platform

Sahar Nazir
clock 07 November 2025 • 2 min read
Advisers warned against 'tick-box' cashflow modelling

Advisers warned against 'tick-box' cashflow modelling

Cashflow modelling ‘only as good as the information you put in’

Sahar Nazir
clock 06 November 2025 • 5 min read