Newly formed Kaplan Genesis to offer CFA® and leadership and professional development programmes in Middle East

Dubai, United Arab Emirates, 23 February 2017, Global training and education company Kaplan has acquired Genesis Institute. The deal was signed at the Genesis headquarters in Dubai by Kaplan UK Chief Executive Officer Peter Houillon and Binod Shankar, Managing Director of Genesis Institute.  The terms of the deal were not disclosed.

Genesis and its team will trade under the name Kaplan Genesis and will continue to be based in Dubai and operate across the GCC. It will now be able to integrate the world-class Kaplan Schweser CFA® materials into its already exceptional CFA programmes. The organisation will also offer preparation for other financial and business qualifications, as well as leadership and professional development programmes for corporates.

Peter Houillon, Chief Executive Officer of Kaplan UK, said: “The combination of Kaplan’s distinguished learning heritage and global reach with the Genesis brand and local expertise provides exciting opportunities to build a highly competitive offering.  Many of Kaplan’s UK and US clients, already with a significant presence in the region, will benefit from our combined expertise and global network.

Andrew Perkins, Global Director of Kaplan Leadership and Professional Development, said: “At Kaplan, we approach learning and development differently: we combine the development of technical competence and behavioural confidence that enables better decision making by individuals, team and organisations. We will now tailor these programmes to support the development of regionally based talent for our GCC, UK and US clients.”

Binod Shankar, Managing Director of Genesis, said: “Being part of Kaplan gives us the resources and infrastructure to enhance the fantastic student experience we have worked hard to create at Genesis. This is great news for our current and future students.”

As per the UAE's Federal National Council, the budget for 2017 is set by the Cabinet at AED 48.7 billion ($13.3 billion) with a prime focus on education. About 20.5 percent of the 2017 budget, or AED 10.2 billion ($2.7 billion), is earmarked to the education sector. Given the UAE's fast-paced growth and the government's vision of promoting innovative education as a drive for the future, this decision has opened new opportunities in various fields and programmes. This economic objective aligns with Kaplan Genesis’ vision of holistically promoting learning and development among public as well as private sector professionals through customized collaboration.

About Kaplan 
Kaplan is a leading international provider of training and education services operating in more than 30 countries and working with over 2,600 corporations and businesses.  Kaplan’s vast breadth and scope and distinguished heritage going back almost 80 years sets it apart from its competitors.  

In the UK, Kaplan provides training for professional qualifications and business programmes. Kaplan trains more than 45,000 business and government professionals and international students annually for investment qualifications (including CFA®), professional accountancy and tax exams, and develops bespoke programmes for corporate and government offices.

About Genesis Institute
Genesis Institute, founded ten years ago, leads the CFA examination market in the UAE and is a leading provider of financial training solutions.  It was set up by highly qualified and experienced professionals who are passionate about the delivery of relevant, high quality and effective financial education.

Genesis Institute’s innovative programs are structured to combine the right balance of practical case studies and insights from business reality to hone both the skills and knowledge of participants. Genesis offers a wide range of courses for Finance and Non-Finance Professionals working at entry, mid-career, or senior level positions.

© Press Release 2017