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Jussi Laitinen, chief investment officer at Finnish pension insurance company Ilmarinen, is to leave the firm in April to become chief executive officer at Aktia Savings Bank.
”I’ve been very happy at Ilmarinen, but an offer like this comes around very rarely,” said Mr Laitinen. Aktia has about €7bn on its balance sheet and €5bn in assets.
The fund confirmed it is now looking for a replacement, but Mr Laitinen said it is in no hurry to make the appointment, since its investments are well taken care of by his two deputies, Mikko Mursula and Esko Torsti.
”I’m hoping someone internal will be promoted, but I presume external candidates will also be considered,” Mr Laitinen said.
Mr Laitinen is satisfied with last year’s returns of 5.7 per cent, but says he regrets having too much fixed income and not enough hedge funds.
CL
