View more on these topics

Stephen Lansdown steps down as HL executive

Stephen Lansdown has stepped down as executive director of Hargreaves Lansdown.

Lansdown, who founded the firm with Peter Hargreaves in 1981, will continue as non-executive director.

He says: “Over the course of the year my role has been to focus on challenging the Board, to ensure it operates efficiently and profitably.  I feel this is a role more suited to a non-executive and have, therefore, stepped down from my executive directorships.  This will also allow me to concentrate on other interests.”

Hargreaves Lansdown has also appointed two new directors, with Chris Barling becoming an independent non-executive director. Deputy chief executive Ian Gorham was also appointed as executive director. Gorham will be appointed chief executive of Hargreaves Lansdown from September 2, following Peter Hargreaves’s decision to step down.

Recommended

11

IFA sellers beware

Selling a business is often compared with divorce in that the financials are rarely what either party expects and, in the long term, at least one party feels hard done by, irrespective of the scale of the deal. I recall the first business that I sold. When I hired the legal firm to represent me, […]

Invest & Give fund to be wound up

Invest & Give, an investment fund that supports The Prince’s Trust, is winding up after failing to attract enough assets to make it viable. The multi-manager fund, run by John Husselbee at North Investment Partners, launched last year and had the backing of 12 UK fund groups. The plan was to donate 0.6 per cent […]

7

Platforms in clarity clash on rebate ban

There is friction within the platform industry over whether the FSA should back down on its proposals to unbundle charges and ban rebates in an effort to make charging structures more transparent. The FSA has delayed publication of its platform paper until later this year following frantic lobbying from all sides over its proposed ban […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment