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Kaplan to Acquire Finsia Education

NEW YORK -- The Financial Services Institute of Australia Finsia announced that it has reached an agreement with Kaplan, Inc., a leading global provider of tertiary education and professional qualifications, to acquire Finsia's education business for A$36 million. The proposed acquisition was announced at Finsia's Annual General Meeting. Finsia...

Tags: Finsia, Kaplan Inc.

Research articles 2007-04-24

Additional Resources

Talent shortage to continue

THE FINANCIAL SERVICES Institute of Australasia Finsia advises financial companies to consider cost-cutting measures carefully before culling the labour force further, given a continuing shortage of talent in the sector. (See related story on labour costcutting p56.) According to a new Roy Morgan opinion poll of 917 Finsia members,...

Articles 2009-03-01

Index fund manager, Vanguard Investments Australia's five year experience in China with no revenue to date might have some in a flap

Index fund manager, Vanguard Investments Australia's five year experience in China with no revenue to date might have some in a flap. But principal and head of Asia and Japan, Trevor Chudleigh remained philosophical, quoting a colleague at Finsia's Australia--China Financial Services Summit last month: "We should be thinking of...

Articles 2008-12-01

China growth proving irresistible for financial services: amid the doom and gloom of global financial markets those with enough hope and foresight are seeing red of a different kind—the potential beacon of opportunity for financial services in China

The Financial Services Institute of Australasia Finsia gathering for the Australia--China Financial Services Summit last month provided insight into the opportunities and challenges for Australian firms looking to enter the behemoth Chinese market. "Notwithstanding the global turmoil, Australia's future as a regional financial services hub will increasingly depend...

Articles 2008-12-01

More transparency needed for China.

Byline: Alice Uribe Nov 05, 2008 (Investor Weekly - ABIX via COMTEX) -- Foreign investors still face a number of difficulties when seeking to invest in China, according to David Olsson. This is despite China generally being a lot more accessible than it...

Articles 2008-11-05

Banks lead the way but there's more to be done: a recent study has shown that the Australian financial services industry must be better prepared for the risks and opportunities of Climate Change

There is no doubt that Climate Change is on the radar of those in the Australian financial services industry. With the Rudd Government making plenty of noise about ways it intends to tackle Climate Change, it would be hard for the sector not to notice the importance of this issue....

Articles 2008-07-30

Straight to the head of the class: our graduates have what it takes to thrive and succeed in the banking and finance sector both here in Australia and overseas, according to a leading education company

One of the biggest changes to postgraduate financial services education in Australia was completed in February when global education and career services provider Kaplan Professional held its official launch in Sydney. Last year Kaplan acquired the education arm of the Financial Services Institute of Australia FINSIA, the largest...

Articles 2008-04-30

Finsia appoints interim CEO

The Financial Services Institute of Australasia Finsia has appointed Stephen Harrison as its interim Chief Executive Officer, following the proposed sale of its financial services education business to Kaplan, Inc. Finsia president Michael Shepherd said: "Our incumbent CEO and managing director Brian Salter will stay with us to...

Articles 2007-08-15

Finance sector responds to climate change

Senior finance industry representatives have agreed that the economy-wide costs of ignoring sustainability issues such as climate change outweigh the costs of addressing it and believe further leadership is needed to encourage companies to report on sustainability risks. That's the conclusion of industry opinion polling released by the...

Articles 2007-07-30

Finsia sale to Kaplan given green light.

Byline: Victoria Young Jun 26, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- Members of the Financial Services Institute of Australasia Finsia Education have expressed their support for the sale of the institution to Kaplan. The US group has offered $A36 million...

Articles 2007-06-26

Finsia sales result imminent.

Byline: Victoria Young Jun 20, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- The Financial Services Institute of Australasia Finsia is expected to announce on 18 June 2007 whether the sale of Finsia Education will proceed. Its members have been asked to...

Articles 2007-06-20

Fairfax loses bid for Finsia.

Byline: Tim Boreham Jun 18, 2007 (The Australian - ABIX via COMTEX) -- Banking and financial services sector professional association Finsia will divest its education business to Kaplan. The US-based buyer, an off-shoot of the Washington Post Company with annual revenue of $A1.7bn...

Articles 2007-06-18

Finsia sale fuels industry damage fears.

Byline: Victoria Young Jun 15, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- Practitioners, members and students of Financial Services Institute of Australasia Finsia have expressed their opposition to the sale of the institute. Finsia members have been asked to vote on...

Articles 2007-06-15

Finsia sale another lesson in competitive pressures.

Byline: Tim Boreham Jun 12, 2007 (The Australian - ABIX via COMTEX) -- The sale of Finsia Education will be decided in mid-June 2007. Members of the Financial Services Institute of Australasia will vote on the sale of its education arm to US-based...

Articles 2007-06-12

Superannuation opt-out still needed.

Jun 06, 2007 (InFinance - ABIX via COMTEX) -- The Australian Government needs to provide further incentives for retirement saving. The 2007-08 Budget provided some "one-off" encouragement but structural reform is needed. Financial Services Institute of Australasia Finsia believes that the government should consider a voluntary...

Articles 2007-06-06

Grassroots revolt threatens Finsia deal.

Byline: Madeleine Collins Jun 05, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- The 20,000 members of Financial Services Institute of Australasia's Finsia are being urged to vote against the sale of Finsia Education. The board of Finsia recently announced it had...

Articles 2007-06-05

Fairfax fights for Finsia.

Byline: Madeleine Collins May 29, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- Fairfax Media has tabled an offer of $A42 million for the Financial Services Institute of Australasia's Finsia education division. The bid is $A6 million more than that previously offered...

Articles 2007-05-29

Finsia members rebel against Kaplan.

Byline: Rachel Lebihan May 27, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Some members of the Financial Services Institute of Australasia Finsia have objected to the proposed sale of Finsia Education. In April 2007, US-based Kaplan agreed to pay $A36m...

Articles 2007-05-27

Kaplan buys Finsia Education for $36 million.

Byline: Liam Egan May 07, 2007 (Money Management - ABIX via COMTEX) -- Kaplan will increase its presence in the Australian financial services education sector with the purchase of Finsia Education. Kaplan, which acquired Tribeca Learning for $A56 million in 2006, will pay...

Articles 2007-05-07

Kaplan to buy Finsia for $36 million.

Byline: Madeleine Collins May 01, 2007 (Independent Financial Adviser - ABIX via COMTEX) -- Kaplan, an offshoot of Washington Post, has made a $A36 million offer to buy Finsia. If the deal goes ahead, the Australian target group will join Tribeca as a...

Articles 2007-05-01