LIBF joins the group as a wholly owned UK subsidiary
The London Institute of Banking & Finance (LIBF) has announced that it has been acquired by education technology giant IU Group of Germany.
Considering its strong heritage and long-standing history and tradition, LIBF said it would continue to trade under the same name and its mission would remain the same.
The institute, which joins the IU group as a wholly owned UK subsidiary, has been providing industry-leading education and qualifications for the financial sector since 1879. With a focus on vocational training, it delivers a broad range of qualifications and programmes to support banking and finance professionals at each stage of their careers – from entry-level to advanced professional qualifications.
LIBF will also be launching the expansion of new co-developed online degree programmes with Germany’s IU International University of Applied Sciences, which is also part of the IU Group.
“We are excited to welcome LIBF to the IU family,” said Sven Schuett (pictured), chief executive at the IU Group. “As we continue to grow, we enter a new era with LIBF, allowing us to continue building on our mission that everyone can access education to grow.
“Through LIBF’s expertise in the banking and finance world and IU as a leader in edtech, we see great potential for creating synergies that afford students a top-rated and customisable education no matter where they live.”
Alex Fraser, chief executive at the London Institute of Banking & Finance, added that the new relationship with IU represented an important evolution for LIBF.
“It will allow us to make significant advancements for the future – bringing advantages and new opportunities to our students, members and staff as we look to extend our services around the world,” Fraser said. “It’s a fantastic opportunity for LIBF to partner with one of Europe’s most successful and technology-enabled education businesses.”
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