Hargreaves hires Mirabaud's Clayton as equity research head

Hargreaves Lansdown has hired Steve Clayton, partner at Mirabaud Securities, as head of equity research.

The move follows the launch of a new equity research arm at Hargreaves in March, as revealed by Investment Week. The group said it planned to build an equity research team from scratch, having previously only provided general information and news updates on individual UK shares, rather than recommendations. Ian Gorham, CEO, said: "Extending our share research is a natural development of our stockbroking service. We have seen from the popularity of IPOs and share dealing generally that there is a growing appetite for share research. "As the largest investment supermarket in the UK a...