Published by Global Banking & Finance Review®
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
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Peter Hargreaves resigns from Hargreaves Lansdown's board, passing his role to his son. The firm went private in 2024 after a major takeover.
(Reuters) -Peter Hargreaves, co-founder of British investment platform Hargreaves Lansdown, will step down as a board director and hand over the role to his son, the Financial Times reported on Wednesday.
Hargreaves Lansdown did not immediately respond to a Reuters request for comment.
Hargreaves, who founded the Bristol-based firm in 1981 and took it public in London in 2007, returned to the board earlier this year, according to the FT report.
The report did not specify when he plans to step down.
Hargreaves will retain a stake in the business, which went private in 2024 following a 5.4-billion-pound ($7.23 billion) takeover by an international consortium, the report said.
($1 = 0.7468 pounds)
(Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips)
Hargreaves Lansdown is a British investment platform that provides services for individuals to manage their investments and savings.
A leadership transition refers to the process of changing leadership within an organization, which can involve new appointments and changes in governance.
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