German 'edtech' agency acquires skilled physique LIBF

Skilled physique the London Institute of Banking & Finance has been acquired by German instructional expertise supplier IU Group for an undisclosed sum.

The London-based physique is now a completely owned UK subsidiary of the Worldwide College of Utilized Sciences, the college arm of IU.

The acquisition was accomplished on 31 March however solely introduced right now.

The LIBF gives numerous exams for monetary advisers, together with a number of within the Monetary Planning and mortgage areas.

Monetary Planning exams embrace the Diploma for Monetary Advisers (DipFA), Stage 6 Diploma in Monetary Adviser (Adv DipFA), Stage 6 Monetary Planning in Retirement (FPIR) and the Diploma in Paraplanning (DipPP).

Within the mortgage sector it additionally gives the favored Certificates in Mortgage Recommendation and Observe (CeMap).

The LIBF additionally gives advisers Statements of Skilled Standing (SPS) and routes to Chartered standing. Exams are supplied in banking, asset finance and different monetary areas.

LIBF says it plans to launch an expanded vary of on-line levels co-developed with its new proprietor.

The brand new on-line examine programmes might be targeted on information and laptop science, synthetic intelligence, and worldwide enterprise administration.

LIBF mentioned regardless of the takeover its mission would stay the identical, however the commerce physique would even be trying to increase its companies globally.

Alex Fraser, CEO of LIBF, mentioned: “This partnership represents an necessary evolution for LIBF and can enable us to make important developments for the longer term – bringing benefits and new alternatives to our college students, members and workers as we glance to increase our companies around the globe. It’s a incredible alternative for LIBF to accomplice with one in every of Europe’s most profitable and technology-enabled training companies.”

The London Institute of Banking & Finance (LIBF) is the newest diploma awarding physique to affix IU Group, Europe’s largest edtech firm and proprietor of the personal IU Worldwide College of Utilized Sciences (IU). The acquisition was made official on 31 March 2023 and takes impact instantly. As a result of its robust heritage and long-standing historical past and custom, LIBF’s mission will keep the identical.

Dr Sven Schuett, CEO of IU Group, mentioned: “We’re excited to welcome LIBF to the IU household. As we proceed to develop, we enter a brand new period with LIBF permitting us to proceed constructing on our mission that everybody can entry training to develop. By means of LIBF’s experience within the banking and finance world and IU as a pacesetter in edtech we see nice potential for creating synergies that afford college students a top-rated and customisable training irrespective of the place they stay.”

“With the growth of AI within the training sector, our college students are in a position to keep forward of the curve with versatile and revolutionary studying fashions in digital training.”

With greater than 100,000 college students, the IU Worldwide College of Utilized Sciences is the most important college in Germany. The college gives over 200 bachelor’s and grasp’s programmes, that are supplied in German or English.