Keva, Finland’s biggest pension fund, has just announced the appointment of a new chief investment officer, with Maaria Kettunen, deputy CIO, to take over the fund’s top investment role in November, ahead of Ari Huotari’s retirement in 2026.
The €71.5bn provider of municipal and other pensions said its board of directors had elected Kettunen as successor to Huotari, who has been CIO of Keva for more than two decades, having worked in the role from the days when the institution was known as the Local Government Pensions Institution.
Heikki Autto, chair of Keva’s board, said: ‘Maaria Kettunen has extensive experience with stable and long-term investment activities at Keva.
“This experience and her proven ability are crucial as, in the future, the return on Keva’s investments will play an increasingly decisive role in the payment of pensions,” he said.
Kettunen first came to Keva, which took its current name in 2011, back in 1998 as a fixed-income portfolio manager.
She said today that the role of CIO was “of great societal importance”, and she was pleased to be able to continue working to ensure long-term investment returns at the pension fund.
As well as being deputy to Huotari currently, Kettunen is also chief operating officer of Keva’s investment function.
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