Hargreaves Lansdown founder’s name in Panama Papers
Stephen Lansdown, who founded Bristol-based Hargreaves Lansdown with Peter Hargreaves before leaving the business in 2012, has turned up in the Panama Papers.
News of Lansdown’s appearance in the leaked Mossack Fonseca documents – in connection with a Guernsey-based company he is a partner in, called Sustainable Technology Investments (Guernsey) Ltd – was first reported in the Bristol Post.
As the Bristol Post reported, his name is contained in the searchable database based on the leaked documents that the International Consortium of Investigative Journalists made live on Monday. The listing may be found by clicking here.
Sustainable Technology didn’t immediately respond to International Investment’s request for comment. However, the Bristol Post quoted a statement from the company’s directors which said: “Stephen Lansdown and Gordon Power formed Sustainable Technology Investments (Guernsey) Limited (“STIG”) in 2009 as a vehicle through which to make their private equity investments.
“The use of a British Virgin Islands company for this administrative purpose is not unusual and the financial statements of the company are made available to the authorities.”