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.”

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

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