News / Finance
Hargreaves set to return to Hargreaves Lansdown board
Peter Hargreaves, co-founder of Hargreaves Lansdown, is expected to make a surprise return to the board of the financial services firm, nearly a decade after stepping down as a director.
According to the Financial Times, Hargreaves has expressed his desire to rejoin the company in a non-executive capacity and has also put forward his son, Robert Hargreaves, to take up a position as a board observer. The same source has reported that Hargreaves is expected to take up a directorship on the group board within weeks.
In 2024, Hargreaves Lansdown was acquired by a consortium comprising CVC Capital Partners, Nordic Capital and Platinum Ivy, a subsidiary of the Abu Dhabi Investment Authority, in a £5.4bn deal.
Peter Hargreaves is expected to return to the board of Hargreaves Lansdown nearly decade after stepping down as a director – photo: Hargreaves Lansdown
At the time of the sale, Peter Hargreaves and fellow co-founder Stephen Lansdown jointly held approximately 26 per cent of the firm’s shares. Hargreaves held a personal stake of around 20 per cent, though he sold half of that during the takeover, securing more than £500 million and retaining a 10 per cent holding.
Stephen Lansdown, who owns Bristol Sport, overseeing the commercial operations of Bristol City FC’s men’s and women’s teams, Bristol Bears and Bristol Flyers, sold his entire stake as part of the transaction.
Peter Hargreaves and Stephen Lansdown founded Hargreaves Lansdown back in 1981 – photo: Hargreaves Lansdown
Founded in 1981, Hargreaves Lansdown went on to become one of the UK’s foremost investment platforms, providing a comprehensive suite of financial services to individual investors. The group operates from its headquarters on Anchor Road.
Main photo: Martin Booth
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