Hargreaves Lansdown co-founder Peter Hargreaves was among the members of the financial services industry recognised in this year’s New Year’s Honours list.
Hargreaves has received a CBE for services to business innovation, financial services and the city of Bristol, where the investment services provider is based.
He founded the business in 1981 with Stephen Lansdown and is a former chief executive. Hargreaves Lansdown has since grown to achieve assets under administration of £39.3bn as of 30 September 2013.
Former Bank of England deputy governor Paul Tucker has been given a knighthood for services to banking.
Tucker was a contender to succeed Lord Mervyn King as Bank governor but lost out to Mark Carney. He left the Bank after more than 30 years for a senior fellowship at Harvard.
Alliance Trust chief executive Katherine Garrett-Cox has been awarded a CBE for services to the asset management industry and for charitable service through the Baring Foundation.
Garrett-Cox has more than 24 years’ experience in the investment industry and joined Alliance Trust in 2007 as chief investment officer.
Professor John Kay, a visiting professor of economics at the London School of Economics and the author of the 2012 Kay Report into reform of the equity market, was also awarded a CBE for services to economics. The Kay Report criticised the City’s short-termism and called for a focus on long-term relationships between company executives, fund managers and individual savers.
Consilium Financial Planning managing director Kevin Morgan says: “It is lovely to have some good news published about the financial services industry. It does some valuable stuff that is often forgotten.”