Peter Hargreaves nominates ex-Liontrust AM chair Collins for HL board

Under new shareholder agreement

Mike Sheen
clock • 1 min read

Former Liontrust Asset Management chair Adrian Collins is set to join the board of Hargreaves Lansdown after being nominated by Peter Hargreaves as part of a new shareholder agreement with the firm he co-founded.

The co-founder will now be entitled to nominate one non-independent, non-executive director for appointment to the HL board for as long as he has control of at least 10% of the company's voting rights. HL said the agreement would "reflect Peter's continuing interest in the company whilst respecting the strong independent governance principles of the board". Collins, who stepped down from Liontrust to be replaced by Alastair Barbour in September 2019 after a decade in the role, has over 40 years of industry experience, including senior roles at Gartmore, Trustnet Jupiter, Bestinvest an...

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