In January 1998 it merged with CEENET, a company set up by the Corporation of London to promote financial services to Eastern Europe, and re-branded itself as BI.
Charlie Haswell joined the executive team, and later the Board, on secondment from the Foreign and Commonwealth Office to develop links with British Embassies and High Commissions around the world.
TheCityUK is continuing IFSL's work of promoting the industry around the world, influencing trade policy and regulation, and publishing definitive research on the sector.
IFSL had a membership drawn from across the spectrum of the UK's financial and related business services, including trade and professional associations, exchanges, the Bank of England, the City of London Corporation and leading international financial service companies that based in London.
IFSL promoted the international activities of UK-based financial institutions, through business events in the UK and worldwide.