Fitch Learning To Acquire Moody's Training, Certification Businesses In Major Expansion Move
KUALA LUMPUR, Aug 18 (Bernama) -- Fitch Learning has signed an agreement with Moody's to acquire two of its businesses, Moody's Analytics Learning Solutions (MALS), a global credit training provider, and the Canadian Securities Institute (CSI), a professional certifications provider for the Canadian financial services industry.
The acquisition will enhance the customer experience by offering a broader array of financial services career development and professional certifications, including learning solutions for commercial banking, consumer banking and investment management.
Fitch Learning Chief Executive Officer, Andreas Karaiskos said this agreement reinforces its commitment to meeting a growing demand for upskilling and continued professional development in the financial services sector.
'As organisations increasingly invest in learning and development to boost employee retention and staff capabilities, our solutions will help empower their teams and ultimately drive organisational growth,' he said in a statement.
The acquisition is expected to close in the fourth quarter following the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals. The terms of the transaction were not disclosed.
'This acquisition represents a pivotal step in our commitment to equipping finance professionals with the knowledge and skills required for an increasingly complex marketplace.
'Through this transaction, we are expanding the boundaries of financial education and delivering greater value and opportunity worldwide. We look forward to continuing to serve our students and clients and to welcoming new members to the Fitch Learning community,' concluded Karaiskos.
A global leader in financial learning and professional certifications, Fitch Learning is part of Fitch Group with operations in 30 countries.
-- BERNAMA
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