Article Topic: News

Combined entity to accelerate financial services skills development and drive measurable business outcomes across 148 countries.

New York, NY, December 5, 2025 – Fitch Learning, the global leader in financial learning and professional certifications, today announced the completion of its acquisition of Moody’s Analytics Learning Solutions (MALS) and the Canadian Securities Institute (CSI). MALS is a global provider of credit and digital learning, and CSI is a leading provider of certifications for the Canadian financial services industry.

Fitch Learning, recognized globally as the premier financial education provider, delivers specialized training for the financial services industry through accredited qualifications, flexible corporate solutions programs, managed services and digital learning solutions trusted by leading institutions worldwide. The combined business will serve over 92,000 finance professionals across 148 countries, at every stage of their careers.

“This acquisition is about creating more opportunities for growth – for organizations and for individuals,” said Andreas Karaiskos, CEO of Fitch Learning. “By combining both organizations’ deep expertise and learning technologies, we’re enabling our clients to build future-ready teams and helping finance professionals gain the skills that matter most in today’s fast changing markets.”

The combined business will provide learners with access to an expanded suite of solutions covering commercial and consumer banking, credit risk, wealth and investment management, investment and corporate banking, professional skills as well as data analytics and AI.

The CSI brand will continue, as will its stewardship of the industry’s renowned certifications and designations. The MALS brand will be retired, and its solutions will be offered as part of Fitch Learning’s portfolio.

“We are proud to mark this transformative milestone for Fitch Learning, our clients, and learners across the financial services sector,” noted Karaiskos. “Acquiring MALS and CSI isn’t just an expansion for us – it’s about building a global talent offering to deliver high impact outcomes for our clients.”

Bringing Fitch Learning, MALS, and CSI together as a single entity marks a bold step in transforming financial education, moving beyond traditional learning methods to deliver innovative, dynamic, personalized learning experiences that empower learners to choose the path that suits them best and help future-proof their careers.

Terms of the transaction were not disclosed.

For more information, please visit www.fitchlearning.com.

About Fitch Learning  

Fitch Learning, part of Fitch Group, is a trusted global provider of financial education. Built on deep expertise in credit and strengthened by broad experience across financial services, we deliver impactful learning solutions through client-focused programs, courses and professional qualifications. Harnessing digital innovation and AI-driven learning tools, we empower organizations worldwide to build future-ready teams. Fitch Learning owns the Canadian Securities Institute, Certificate in Quantitative Finance Institute (CQFI), and the Global Institute of Credit Professionals, dedicated to supporting finance professionals throughout their career journeys.

Media Contacts:  
Brooke Rera
FitchLearning@allisonworldwide.com

Cristina Bermudez
+1 305-613-5814
cristina.bermudez@thefitchgroup.com 

A Remarkable Achievement

Completing the CQF is no small feat. Over the past months, these graduates have balanced demanding careers with intensive study, mastering complex topics from stochastic calculus to machine learning, from derivatives pricing to risk management. This achievement reflects their ambition, discipline, and commitment to excellence in quantitative finance.

Dr. Randeep Gug, Managing Director of the CQF Institute stated: “We are immensely proud to introduce our newest cohort of graduates. Their dedication to mastering cutting-edge quant finance and machine learning techniques demonstrates the caliber of professionals that the CQF attracts. These graduates are now equipped with the essential skills needed to navigate the complexities of modern finance. It is a pleasure to welcome them to the CQF alumni community and I look forward to seeing where they go next in their careers.”

A special congratulations also goes to the award winners for the January 2025 program:

• First in Class Award for the highest average mark:
• Wilmott Award for the highest score on the optional exam:
• Institute Award for the best final project:

Everyone at the CQF Institute, Fitch Learning, and Wilmott congratulate all the latest graduates and wish them the best of luck in their future endeavors.

About the CQF

The Certificate in Quantitative Finance (CQF) is a globally recognized qualification that equips finance professionals with advanced quantitative skills essential for modern markets. Designed for busy professionals, the program is delivered online and part-time, so that it can be completed alongside full-time work.

The curriculum is regularly reviewed in consultation with senior alumni and faculty to ensure it reflects market demand, and encompasses:

• Mathematical Foundations: From stochastic calculus to numerical methods
• Derivatives & Structured Products: Pricing, hedging, and trading strategies
• Risk & Regulation: Market risk, credit risk, and regulatory frameworks
• Data Science & AI: Machine learning, deep learning, and big data analytics
• Practical Implementation: Hands-on Python coding and real-world case studies

What sets the CQF apart is its blend of academic rigor with practical application. Delegates learn directly from leading practitioners who bring current market insights into the classroom. Throughout their studies, delegates are given regular opportunities to practice building and applying the models taught in lectures to real-world scenarios. After the program, alumni have permanent access to the ever-expanding Lifelong Learning library, which includes additional talks, masterclasses, and the latest CQF program content.

Whether you’re a quant analyst, data scientist, trader, risk manager, portfolio manager, or quant developer, the CQF provides the vital toolkit required to advance in today’s financial markets.

Looking Ahead

As these graduates move forward, they join a global network of over 11,500 CQF alumni working across leading financial institutions worldwide. We wish them continued success in applying their newly acquired skills and look forward to seeing the positive impact they will make in the quantitative finance community.

Explore the full list of graduates and learn more about the CQF program here.

New York, NY, August 14, 2025 – Fitch Learning, a global leader in financial learning and professional certifications, today announced it has signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions (MALS), a global provider of credit training and the Canadian Securities Institute (CSI), a leading provider of professional certifications 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.

“This agreement reinforces our commitment to meeting a growing demand for upskilling and continued professional development in the financial services sector. As organizations increasingly invest in learning and development to boost employee retention and staff capabilities, our solutions will help empower their teams, and ultimately drive organizational growth,” said Andreas Karaiskos, Chief Executive Officer, Fitch Learning.

The terms of the transaction were not disclosed. The acquisition is expected to close in the fourth quarter following the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals.

“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 Mr. Karaiskos.