Overview

• Robert Hargreaves will take the board seat after serving as a non‑voting observer since the buyout and previously working at the firm.
• Peter Hargreaves will retain roughly a 10% stake after selling half of his holding in the deal, realising just over £500m.
• The company said he will maintain a close relationship with Hargreaves Lansdown and make his experience available as an adviser if needed.
• He had returned to the board earlier this year to provide continuity following the sale to a consortium including CVC Capital Partners, Nordic Capital and an Abu Dhabi fund.
• Under its new owners, the firm reported about £172.2bn in assets under administration and paid roughly £119m in dividends.