Mandatum plc, Stock exchange release, 12 November 2026 at 11.30 a.m. EET
Mandatum has decided to integrate the management of its investment operations into its asset and wealth management business. As a result of the change, the position of Chief Investment Officer will be discontinued. Juhani Lehtonen, who has held the position since autumn 2023, will step down from Mandatum's Group Management Team and continue with the company as a Lead Portfolio Manager, focusing fully on portfolio management of the award-winning Fixed Income Total Return fund and other similar strategies. Going forward, the portfolio management unit will report to Janne Sarvikivi, EVP, Asset and Wealth Management.
"Mandatum aims to grow its capital-light business, with asset and wealth management playing a key role. The business has already seen strong growth, while the Group's own balance sheet has decreased as planned. This change will streamline our management structure. I would like to thank Juhani for his contribution to the Group Management Team. He will continue his successful work as a Lead Portfolio Manager in fixed income investments, where his expertise will remain highly valuable to us," says Petri Niemisvirta, CEO of Mandatum.
The changes will take effect on 12 November 2026.
Additional information:
Lotta Borgström
VP, Investor Relations
Tel. +358 50 022 1027
lotta.borgstrom[a]mandatum.fi
Niina Riihelä
SVP, Communications, Brand and Sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, strong brand and proven investment track record are at the centre of Mandatum's success. The company has been listed on Nasdaq Helsinki since 2023. mandatum.fi/en/group/
Distribution:
Nasdaq Helsinki
Financial Supervisory Authority
Key media
www.mandatum.fi