News review, September 19

START

Today, the board of directors of Finnish pension insurance company Veritas announced that it has appointed Elina Fogelholm as the new CEO of the company. She will take up her new position in early December. Elina Fogelholm will join Veritas from Danske Bank, where she has worked as head of business customers Finland. She has previously also worked as the director of major accounts at the pension insurance company Varma and held several executive positions at Nordea. “I look forward to getting to know Veritas’ operations. It is an honour to work for the pension security of Finnish entrepreneurs and employees together with the staff of Veritas,” says Elina Fogelholm.

Keva, the Finnish local government pension fund, with some EUR 71 billion in asset under management announced on Wednesday this week that it has appointed Maaria Kettunen (pictured) as its new Chief Investment Officer. She will take up the position on the first of November. Maaria Kettunen is currently serving as Keva’s Chief Operating Officer for Investments and as the Deputy CIO and she will replace Keva’s current CIO Ari Huotari, who will retire in 2026. “I would like to thank Keva’s Board of Directors for their trust. This role is of great societal importance, and I am pleased to be able to continue working to ensure long-term investment returns in Keva’s investment activities. Together with Keva’s skilled and committed investment professionals, we will continue our work for the benefit of current and future pensioners. Strong returns are essential to cover future pension liabilities,” Maaria Kettunen says in a comment.

Last week, Swedish SH Pension announced the recruitment of Kenneth Norling as its new CIO. Kenneth Norling joins from Bliwa, where he was responsible for asset management. He has previously also been responsible for Sandvik’s internal banking, which included the management of their global pension funds. “It feels great to join SH Pension and I look forward to getting to know all my colleagues and the business. Together, we will deliver the market’s best traditional insurance to our customers,” says Kenneth Norling.

Also last week, Nikko Asset Management – a Japanese asset manager with USD 260 billion in assets under management – has rebranded as Amova Asset Management. In its communication the company writes that while it was founded in Japan in 1959 it has become a global citizen with Asian DNA. Headquartered in Tokyo, but with a presence through subsidiaries or affiliates in a total of 11 countries and regions, spanning four continents.

At the end of last week, Robeco announced that it has expanded its active ETF offering with the launch of its first fixed income ETF: the Climate Euro Government Bond ETF. “This innovative ETF allows investors to achieve a broad allocation to government bonds that supports climate transition whilst maintaining the risk/return profile of traditional benchmarks. With this launch, we are expanding our active ETF range into fixed income and we will be adding further products in the coming months,” says Nick King, head of ETFs at Robeco.

Last week we also saw that Nordic countries top the list when Natixis Investment Managers released its 2025 Global Retirement Index (GRI) ranking. Created in collaboration with CoreData Research, the GRI offers a comprehensive view of what it takes to enjoy a healthy and secure retirement. Rankings are relative, based on 18 performance measures across four sub-indices, Finances in Retirement, Material Wellbeing, Health, and Quality of Life, scored from 0 to 100 per cent. In this year’s index, Norway claims the top spot with an overall score of 83 per cent and Denmark climbs from 9th to 5th place. Commenting on this year’s results, Rami Salminen, sales director, Nordics at Natixis says: “While pressures on retirement across the globe are undeniable, I’m delighted to see that the Nordics are leading the way when it comes to retirement security and planning, dominating the index in the quality of life category.”

Photo: Keva

Today, the board of directors of Finnish pension insurance company Veritas announced that it has appointed Elina Fogelholm as the new CEO of the company. She will take up her new position in early December. Elina Fogelholm will join Veritas from Danske Bank, where she has worked as head of business customers Finland. She has previously also worked as the director of major accounts at the pension insurance company Varma and held several executive positions at Nordea. “I look forward to getting to know Veritas’ operations. It is an honour to work for the pension security of Finnish entrepreneurs and