An asset finance diploma awarded by The London Institute of Banking & Finance has had its graduation ceremony for the first class to complete the course, comprising of thirty newly-qualified professionals.

The diploma was developed in conjunction with the Finance and Leasing Association (FLA) and in consultation with the asset finance industry.

The asset finance diploma was created to “provide specialists working in the asset finance sector with the in-depth knowledge they need to operate effectively and the opportunity to attain an industry-recognised qualification”. The inaugural ceremony was held in London earlier this month.

Stephen Sklaroff, director general of the FLA said: “We launched the course two years ago in response to our members’ request for a new qualification – one that could be used to develop the expertise and professionalism of those already in the industry, but also complement the existing range of training to provide career path support from entry-level through to skilled practitioner.

“The diploma offers a thorough grounding in regulation and business practice – bedrock requirements for the kind of confident, forward-thinkers who will be needed to plot the next steps for our industry.”

Danielle Pettet, senior representative internal sales at CHG-Meridian and one of the graduates of the course, said: “Completing this qualification was a tangible opportunity to widen my skill set and broaden my knowledge of asset finance as a whole. Learning is of vital importance to me, and this course allowed me to build on my existing knowledge base whilst also broadening my horizons in areas of the industry/process in which I was less familiar.”

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Jonathan Campbell, another graduate of the course, added: “My main motivation for studying the diploma was simply to gain more of an understanding of the subject.” Jonathan follows in the footsteps of his father Bob, director of BC Asset Finance.

“The bulk of finance training in the main seems to be focused very much on accountancy and taxation, with asset finance barely being touched upon,” he added. “I was therefore delighted to hear that this diploma was being offered, and when I looked at the course content I found it to be both in-depth and very relevant.”