Professional institution Bank of London Institute of Finance has been acquired by German education technology provider IU Group for an undisclosed amount.
The London-based organization is now a wholly owned UK subsidiary of IU’s university arm, the International University of Applied Sciences.
The acquisition closed on March 31, but was announced today.
LIBF offers a number of exams for financial advisors, including exams in the areas of financial planning and mortgages.
Financial Planning exams include the Financial Advisor Diploma (DipFA), Financial Advisor Level 6 Diploma (Adv DipFA), Retirement Financial Planning Level 6 (FPIR), and Paraplanning Diploma (DipPP).
In the mortgage sector, we also offer the popular Certificate of Mortgage Advice and Practice (CeMap).
LIBF also provides advisors with a Professional Position Statement (SPS) and a pathway to chartered status. Exams are offered in banking, property finance, and other areas of finance.
LIBF said it plans to expand the range of online degrees co-developed with the new owner.
New online learning programs will focus on data and computer science, artificial intelligence, and international business management.
LIBF said its mission remains unchanged despite the acquisition, but the trade association is also looking to expand its services globally.
Alex Fraser, CEO of LIBF, said: “This partnership represents an important evolution for LIBF, allowing us to make great strides into the future, and as we aim to expand our services, we will continue to support our students, members and staff. It brings advantages and new opportunities to the world. For LIBF, it is a great opportunity to partner with one of Europe’s most successful and technology-enabled education businesses. ”
The Bank of London Institute for Financial Studies (LIBF) is the latest degree-granting institution to join the IU Group, Europe’s largest edtech company and owner of the private IU International University of Applied Sciences (IU). The acquisition will officially close on March 31, 2023 with immediate effect. With its strong heritage and long history and tradition, LIBF’s mission remains the same.
IU Group CEO Dr. Sven Shuet said: As we continue to grow, we enter a new era with LIBF, further strengthening our mission to make education accessible for everyone to thrive. Through LIBF’s expertise in the world of banking and finance and IU as a leader in educational technology, we believe there is great potential to create synergies to provide top-rated, customizable education to students wherever they live. is thinking ”
“The expansion of AI in education enables students to stay ahead of the curve with flexible and innovative learning models in digital education.”
With over 100,000 students, the IU International University of Applied Sciences is Germany’s largest university. The university offers her over 200 bachelor’s and master’s degree programs, offered in German or English.