Risto Murto
President and CEO
b. 1963
Ph.D. (Econ.)
President and CEO since 2014
Member of the Executive Group since 2006
Joined Varma in 2006
Key work experience:
- Executive Vice-President, Investments, Varma 2010–2013
- Senior Vice-President, Chief Investment Officer, Varma 2006–2010
- Managing Director, Opstock Ltd 2000–2005
- Director, Opstock Ltd 1997–2000
Positions of trust:
- e2 Tutkimus, Chair of the Board 2020–
- Securities Market Association, Chair of the Board 2022–
- The Finnish Pension Alliance TELA, Chair of the Board 2023–
- Nordea Bank Abp, Member of the Board 2023-
- Sampo Plc, Member of the Board 2015–
- Member of the Supervisory Board of the Finnish Cultural Foundation 2020–
- Member of the Supervisory Board of Finnish National Opera and Ballet 2016–
Markus Aho
Chief Investment Officer
b. 1980
M.Sc. (Tech.)
Member of the Executive Group since 2022
Joined Varma in 2014
Key work experience:
- Head of Private Investments, Varma 2022
- Head of Private Equity and Infrastructure, Varma 2016–2021
- Portfolio Manager, Private Equity, Varma 2014–2016
- Director, Head of Private Equity, Pontos Group 2008–2013
- Consultant, Accenture 2005–2008
Pauli Forma
Senior Vice-President, Work Ability Risk Management
b. 1970
Doctor of Political Science, Adjunct Professor, Executive MBA
Executive Group Member since 2020
Joined Varma in 2019
Key work experience:
Finnish Institute of Occupational Health 2017–2019
- Director, Work Ability and Working Careers
- Chief Data Officer
Keva 1999–2017
- Director, Working Life Services
- Research and Development Director
University of Turku
- Professor of Social Policy 2004–2007
- Adjunct Professor 2001–
University of Helsinki
- Adjunct Professor 2007–
Suvi Hintsanen-Kärpijoki
Senior Vice-President, Customer Relations
b. 1967
M.Sc. (Econ.)
Member of the Executive Group since 2019
Joined Varma in 2019
Key work experience:
OP Financial Group, Helsinki 2001–2018:
- Head of Payments and Daily Banking, Banking
- Head of Cash Management and Trade Finance, OP Corporate Bank plc
- Senior Vice President, Business Development, Pohjola Bank plc and OP-Services Ltd
- Senior Vice President, Customer Relations and Marketing, Pohjola Bank plc and Pohjola Group
- Business area director, development director and consultant, 1998-2001 TNS Sifo, Stockholm
Tuula Kallio
Senior Vice-President, Pension Services and Legal Affairs
b. 1961
LL.M.
Member of the Executive Group since 2022
Joined Varma in 2018
Key work experience:
Chief Legal Counsel, Varma 2018–2021
Etera Mutual Pension Insurance Company 2005–2017
- Director, Work Ability and Pensions
- Director, Legal Affairs, Planning and Communications
- Director, Legal Affairs and HR
- Head of Legal Affairs
- Chief Legal Counsel
Mutual Insurance Company Pension Fennia 2004–2005
- Corporate Lawyer
Varma Mutual Pension Insurance Company 1998–2004
- Corporate Lawyer
Pension Sampo Insurance Company 1997–1998
- Financial Manager
Sampo Insurance Company, Investments 1989–1996
- Various responsibilities, e.g. Credit Manager, Office Manager, Collection Manager
Hanna Kaskela
Senior Vice-President, Sustainability and Communications
b. 1979
M.Sc. (Econ.)
Executive Group Member since 2023
Joined Varma in 2003
Key work experience:
- Director, Responsible Investment and Sustainability, Varma 2022–2023
- Director, Responsible Investment, Varma 2017–2022
- Sustainable Development Portfolio Manager, Varma 2016–2017
- Equity Portfolio Manager, Varma 2006–2016
- Equity Analyst, Varma 2003–2006
Pasi Mustonen
Senior Vice-President, Actuaries
b. 1964
M.Sc., FASF
Member of the Executive Group since 2004
Joined Varma in 1996
Key work experience:
- Actuary, Varma 1998–2001
- Actuary, Sampo Pension 1996–1998
Pekka Pajamo
Senior Vice-President, Finance and Internal Services
b. 1962
M.Sc. (Econ.)
Member of the Executive Group since 2012
Joined Varma in 2012
Key work experience:
Employment with KPMG Oy Ab 1988–2012:
- Authorised Public Accountant 1993–2012
- Partner, 1998–2012
Hanna Vainio
Senior Vice-President, IT and Digitalisation
b. 1980
M.Sc. (Econ.)
Member of the Executive Group since 2024
Joined Varma in 2024
Key work experience:
Mutual Pension Insurance Company Ilmarinen 2021–2024
- Department Manager, Large Customers
- Process Manager, Insurance
Mutual Pension Insurance Company Varma 2014–2021
- Growth Manager, Customer Relations
- Department Manager, Service Design and Marketing
- Department Manager, Digital and BI Services
- Department Manager, Project Services
Nordea 2001–2014
- Supervisor, manager and expert positions
Mikaela Öberg
Senior Vice-President, People and Development
b. 1979
Master of Arts
Member of the Executive Group since 2023
Joined Varma in 2023
Key work experience:
- Chief People Officer, Remedy Entertainment Ltd, 2016–2023
- Partner, Senior Consultant, Interim Director, Trainer, and Coach, Innovate Consulting, 2011–2016
- HR Director, HR Manager, Nycomed Pharmaceuticals (now Takeda), 2003–2011
Eeva Hautala
Pension Adjudication Specialist
b. 1963
Bachelor of Social Services
Employee Representative since 2016
Joined Varma in 2006
Key work experience:
- Pension Adjudication Specialist, Varma 2006–
Lasse Lindholm
Account Manager
b. 1963
Employee Representative since 2024
Joined Varma in 1999
Key work experience:
- Account Manager, Varma 1999–