Finance Finland represents the majority of banks, insurers, finance houses, securities dealers, fund management companies and financial employers operating in Finland. We have 212 member organisations, who employ about 37,000 people. Our members’ commitment to responsible business is the cornerstone of our lobbying.
Finance Finland’s members include
- Credit institutions
- Limited liability banks
- Savings banks
- Co-operative banking groups (OP Pohjola and POP Bank Group)
- Insurers
- Life insurance companies
- Authorised pension insurance companies
- Non-life insurance companies
- Investment firms and alternative investment fund managers
- Fund management companies
Membership principles
- Finance Finland is an association that has the discretion to select its members.
- Eligible members include corporations that carry out activities in the financial, insurance or securities market.
- A foreign corporation must have at least a branch in Finland.
- Financial corporations and insurance companies must be full members, which means they are required to participate in the activities of the association in the areas of industry policy and labour market policy.
- Primarily private employee pension insurance companies can be accepted as members. Employee pension insurance companies and other pension institutions operating in Finland have fundamentally different basis for operations and are governed by different legislation.
- Payment institutions are not accepted as members. Finance Finland keeps key stakeholder groups in the field of payments up to date and consults them on development projects at Finance Finland. Relevant service providers are also consulted on possible changes to national payment standards that are maintained by Finance Finland.
- Investment funds (UCITS) and alternative investment funds are eligible as members.
- Crowdfunding service providers and finance houses that do not belong in a group or conglomerate that is already Finance Finland’s member are not eligible as members.
Rules and list of members
Board of Directors
The FFI Board is elected by the general meeting. The Board has authority over all of FFI’s strategic lobbying projects and key issues that concern the entire sector. It also decides on FFI’s strategy, organisation, action plan, budget, and other such matters specified in the FFI rules. The Board elects its own Executive Chairman and one Vice Chairman.
Executive Chair:
Timo Ritakallio, President and Group Chief Executive Officer, OP Pohjola
Vice Chair:
Sara Mella, Head of Personal Banking FI, Nordea Bank AB
Members of the Board:
Anssi Huhta, CEO, Aktia Bank
Jens Wiklund, Country Head of Finland, Head of Personal Banking Finland, Danske Bank
Hanna Hartikainen, CEO, Fennia
Mikko Mursula, CEO, Ilmarinen
Sari Heinonen, President, LocalTapiola Group
Petri Niemisvirta, Group CEO, Mandatum
Riikka Laine-Tolonen, CEO, S-Bank
Ville Talasmäki, Group CIO, Sampo Group
Kai Koskela, Managing Director, Savings Banks’ Union Coop
Risto Murto, President and CEO, Varma
Arno Ahosniemi, CEO, Finance Finland
Secretary of the Board:
Mari Pekonen-Ranta, Director, Finance Finland
The Board’s working committee includes Ritakallio, Mella, Heinonen and Talasmäki.