Hargreaves Lansdown co-founder to step down

Co-founder of Hargreaves Lansdown, Peter Hargreaves, is stepping down as chief executive in autumn 2010.

Chartered accountant Ian Gorham, COO of the group since September 2009 has been appointed deputy chief executive and will take on the chief role when Hargreaves steps down.

Hargreaves set up the firm with Stephen Lansdown in 1981. He will remain an executive director, concentrating on client liaison and producing the firm's newsletters and investment information.

Gorham joined Deloitte in 1993, working in its financial services group. He was appointed a partner in Grant Thornton in 2003. He is 38 years old and married with two children.

Further reading:

Profile: Peter Hargreaves, co-founder of Hargreaves Lansdown

Fit for purpose