November 28, 2014 11:07 AM ET


Company Overview of Ilmarinen Mutual Pension Insurance Company

Company Overview

Ilmarinen Mutual Pension Insurance Company operates as a pension insurance company in Finland. Its principal services include pension advisory services, pension insurance services, services for promoting well-being at work, vocational rehabilitation counseling, customer financing, company pension funds management, and services related to insuring employment in other countries. The company offers earnings-related pension for securing employees and self-employed persons income when working is not possible due to ageing, disability, or unemployment; and income for the surviving spouse and children after the death of the family provider. It also provides client loans, such as premium loans, inve...

Porkkalankatu 1


Helsinki,  00018


Founded in 1961

604 Employees


358 102 8411


358 1028 43445

Key Executives for Ilmarinen Mutual Pension Insurance Company

Chief Executive Officer and President
Age: 63
Deputy Chief Executive Officer and Head of Finance
Age: 64
Deputy Chief Executive Officer and Head of Investments
Age: 52
Head of Financial Administration and Director of Accounting
Chief Information Officer and Senior Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Ilmarinen Mutual Pension Insurance Company Key Developments

Ilmarinen Eyes To Acquire Stake In Gasum

EU regulations concerning competition may change the status of Gasum Oy that is responsible for gas distribution in Finland and its owners. If Gasum has to give up the distribution network, Ilmarinen Mutual Pension Insurance Company is interested in acquiring a share of Gasum. Ilmarinen has not, however, received any offers or been in any negotiations concerning the issue.

Ilmarinen Mutual Pension Insurance Company Announces Management Changes

Ritakallio takes reins at Ilmarinen after Harri Sailas announced retirement next spring. Timo Ritakallio, long-standing CIO at the company, has been named the next chief executive. He will succeed Harri Sailas, who is to retire next May after more than eight years as president and head of the company. Joining in 2008 from Pohjola Bank, Ritakallio was after the departure of Jussi Laitinen. He began his career in 1991 at OP-Pohjola Group within the cooperative bank group's Uusikaupunki branch. He then spent four years as managing director at Opstock Securities and joined OKO Bank as executive vice-president in 1997. In 2001, he was promoted to deputy chief executive at OKO, a position he held until he moved to Pohjola in 2006. In addition to his responsibilities at the company, Ritakallio is also a board member at several local foundations, as well as business park operator Technopolis and the Finnish Securities Market Association (Arvopaperimarkkinayhdistys).

Ilmarinen Mutual Pension Insurance Company Presents at AVCJ Forum, Nov-11-2014 02:00 PM

Ilmarinen Mutual Pension Insurance Company Presents at AVCJ Forum, Nov-11-2014 02:00 PM. Venue: Four Seasons Hotel, Hong Kong, Hong Kong. Speakers: Katja Salovaara, Senior Portfolio Manager, Private Equity.

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