The new name will coincide with the start of the new academic year, said ifs University College. The organisation is a provider of professional and academic education to those planning or undertaking a career in banking and finance.
The institution’s portfolio of education services ranges from financial capability courses for schoolchildren through to undergraduate degrees to recognised industry standard qualifications.
Formerly The Chartered Institute of Bankers, its roots stretch back to 1879.
Ifs University Colleges says the decision by the trustees to change the name follows a strategic review that took place last year. The review involved extensive consultation with the organisation’s students, members, alumni, academic community and financial services industry employers.
Alex Fraser, principal at ifs University College, said: “Our new name – The London Institute of Banking & Finance – is an exciting development for everyone connected with the organisation. It reflects our vision to be a globally recognised provider of outstanding financial education and makes our purpose and remit extremely clear.
“Our new name will help employers to understand the highly relevant, professional and applied nature of our programmes which in turn will enhance the recognition that our students, members and alumni receive for their achievements. It will also help prospective students across all of our programmes to understand the unique role that we play in supporting their lifelong careers in banking and finance.”
ifs University College is London-based and is a registered charity incorporated by Royal Charter. It has no connection with the Institute for Fiscal Studies, sometimes referred to as the IFS.