Executive Group

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–
  • Wärtsilä Corporation, Deputy Chair of the Board 2021–
  • The Finnish Pension Alliance TELA, I Vice Chair of the Board 2021–
  • Finance Finland, Member of the Board 2019–
  • 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–
  • Member of the Board of Finnish Canoeing and Rowing Federation 2022–

Markus Aho

Chief Investment Officer
b. 1980
M.Sc (Eng.)

Member of the Executive Group since 2022
Joined Varma in 2014

Key work experience:

  • Director, ​Head of Non-listed Investments, Varma 2022
  • Director, Head of Capital Markets, Varma 2016–2021
  • Portfolio Manager, Capital Markets, Varma 2014–2016
  • Director, Capital Markets, 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

Senior Vice-President of Client Services
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.

Key work experience:

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

Tiina Kurki

Senior Vice-President, IT and Digitalization
b. 1961 
Master of Business Administration

Member of the Executive Group since 2012
Joined Varma in 2012

Key work experience:

  • BCIO International Banking, Nordea Bank Finland Plc 2011–2012
  • Group IT management positions, Nordea Bank Finland Plc 2008–2011
  • Vice President, TietoEnator Oyj 2002–2008
  • Department Manager and Specialist, TietoEnator Oyj 1986–2002

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

Katri Viippola

Senior Vice President, HR and Communications
b. 1976
Executive MBA, Master of Arts

Member of the Executive Group since 2016
Joined Varma in 2016

Key work experience:

Keva 2013–2015

  • HR and Administrative Director
  • HR Director

YLE (Finnish Broadcasting Company) 2008–2013

  • Head of Personnel Development
  • HR Manager
  • HR Consultant

Journalist and News Anchor, YLE, YLE News and Aamu-tv morning show 2002–2008
Journalist, YLE, Kuningaskuluttaja programme 2002
Radio host and journalist, Radio YsiYsi 1996–1999
Journalist, Etelä-Suomen Sanomat 1995

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 Laitinen

Pensions Specialist
b. 1978
Bachelor of Social Services

Employee Representative since 2022

Joined Varma in 2004

Key work experience:
Pensions Specialist, Varma 2004–

Positions of trust held by the Executive Group