(Reuters) -Peter Hargreaves, co-founder of British investment platform Hargreaves Lansdown, will step down as a board director and hand over the role to his son, the Financial Times reported on Wednesday.
Hargreaves Lansdown did not immediately respond to a Reuters request for comment.
Hargreaves, who founded the Bristol-based firm in 1981 and took it public in London in 2007, returned to the board earlier this year, according to the FT report.
The report did not specify when he plans to step down.
Hargreaves will retain a stake in the business, which went private in 2024 following a 5.4-billion-pound ($7.23 billion) takeover by an international consortium, the report said.
($1 = 0.7468 pounds)
(Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips)
