ifs University College becomes The London Institute of Banking & Finance
On 15th September, following approval from the Privy Council, ifs University College officially changed its name to The London Institute of Banking & Finance.
The new name came about as a result of a comprehensive strategic review, carried out in 2015 and an extensive consultation with our current and former students, our members, our corporate and educational partners and our academic community. The review sought to identify a new vision and strategy for our organisation to capitalise on increasing demand for education within banking and finance, both in the UK and abroad, our links to institutions across the industry and our loyal and supportive membership body.
A key finding of our review was the need to introduce a new name – one that provides instant recognition with regards to our offering, is appropriate to our audiences as a specialist provider of financial education and reflect our reflects our close relationship with the banking and finance industry.
We believe The London Institute of Banking & Finance is a powerful new name which supports these principles. “London” is an important signifier of our connections and place in one of the world’s leading hubs for finance and education; “Institute” reflects the broad suite of our programmes – ranging from qualifications for young people to professional postgraduate degrees and “Banking and Finance” clearly expresses our focus and subject specialisation.
The London Institute of Banking & finance was founded in 1879 as the Institute of Bankers, gained its Royal Charter in 1987 and in 1996 developed the first professional award linked to a university degree. In 1997 the name was changed to the Institute of Financial Services (ifs), reflecting a broadening of our offering. We became ifs University College in 2013.
Now, as then, we exist for a very simple reason; to advance banking and finance by providing outstanding education and thinking, tailored to the needs of business, individuals and society.
Following the launch, Principal Alex Fraser said:
“The response to our new name from our students, members and industry employers has been extremely positive, with widespread agreement that it provides clarity on our purpose and speaks to our breadth of provision across academic and professional financial education.
“We aim to be a lifelong partner for the industry and for those who work within it, through the provision of outstanding education and thinking, tailored to the needs of business, individuals and society.”
For more information on The London Institute of Banking & Finance and the qualifications and services it offers, please visit: www.libf.ac.uk