Secretary for the Executive Group is Head of Legal Affairs Kaisu Viitasalo.
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:
- Sampo Plc, Deputy Chair of the Board 2025–
- Nordea Bank Abp, Member of the Board 2023-
- Finance Finland, Member of the Board 2025–
- The Finnish Pension Alliance TELA, Member of the Board 2025–
Markus Aho
Deputy CEO, Chief Investment Officer
b. 1980
M.Sc. (Tech.)
Member of the Executive Group since 2022
Joined Varma in 2014
Key work experience:
- Chief Investment Officer, 2022–
- 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 Management
b. 1970
Doctor of Political Science, Adjunct Professor, Executive MBA
Member of the Executive Group 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
Hanna Kaskela
Senior Vice-President, Sustainability and Communications
b. 1979
M.Sc. (Econ.)
Member of the 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
Chief Actuary, Appointed Actuary
b. 1964
M.Sc., FASF
Member of the Executive Group since 2004
Joined Varma in 1996
Key work experience:
- Senior Vice President, Actuaries and Insurance Services, Varma 2017–2025
- Chief Actuary, Varma 2001–2017
- 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
Tarja Syvälä
Senior Vice-President, Pension and Insurance Services
b. 1983
M.Sc. (Econ.)
Member of the Executive Group since 2025
Joined Varma in 2008
Key work experience:
- Pension Director, Varma 2023–2025
- Pension Services Director, Varma 2017–2023
- IT Development Manager, Varma 2015–2017
- Development Manager, Varma 2012–2015
- Pensions Handling Manager, Varma 2010–2012
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 Organizational 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–
Hanna Peri
Development Manager, Work Ability Management
b. 1983
Employee Representative since 2026
Joined Varma in 2019
Key work experience:
- Senior Key Account Manager, StaffPoint 2016–2019
- Senior CSR Specialist, Verso Globe 2013–2016
- CSR Specialist, Verso Globe 2010–2013