The London Institute of Banking & Finance has unveiled a new qualification for asset finance professionals, in association with the Finance and Leasing Association (FLA).

Developed with industry employers, the Diploma in Asset Finance (DipAF) has been designed for specialists wishing to demonstrate their professionalism and gain a greater understanding of the asset leasing sector and its customers.

Delivered as a distance-learning qualification, DipAF covers a range of topics relevant to the modern asset leasing industry, including business and account management, end of contract processes, regulatory and legal requirements and issues relating to funding. It can be completed within 12 – 18 months.

Martin Day, vice principal, corporate & professional qualifications, at The London Institute of Banking & Finance, said: “It is often said that sole traders and SMEs are the backbone of the economy, but they can only be successful if they have access to finance which supports their businesses and enables them to grow.

“Providing those professionals who work in asset finance with additional skills and sector knowledge will only benefit the end user and we’re confident the DipAF will reinforce the high standards and expertise that define the industry.”

Stephen Sklaroff, director general of the FLA, added: “By investing in the future of the asset finance sector, we are helping to secure its vital role in the UK’s business funding landscape.”