All releases

Other stock exchange releases


Changes in Municipality Finance Plc’s Executive Management Team

Municipality Finance Plc
Stock Exchange Release
28 February 2018 at 12 noon (EET)

Changes in Municipality Finance Plc’s Executive Management Team

Following Esa Kallio’s appointment as the President and CEO of Municipality Finance Plc (MuniFin) on 28 February 2018, Mari Tyster (born 1975, Master of Laws), has been appointed as the deputy to the CEO. Tyster is the company’s Executive Vice President, Legal and Governance and member of the Executive Management Team. MuniFin’s deputy to the CEO has to pass the fit and proper assessment by the supervisory authority, the European Central Bank. Tyster’s assessment process is currently on-going.

Simultaneously, Joakim Holmström and Rainer Holm have been appointed as new members to the Executive Management Team.

Joakim Holmström (born 1977, M.Sc. Econ.), joined MuniFin in 2008. Since 2010 he has headed the company’s funding operations. As Holmström joins the Executive Management Team he will assume the responsibility of leading the company’s capital markets operations. He will lead the funding, treasury and corporate social responsibility and communications departments.

Rainer Holm (born 1973, M.Sc. Econ.), has worked for MuniFin since 2016 heading information technology, information solutions and business development operations.

Toni Heikkilä, Jukka Helminen and Marjo Tomminen continue as members of the MuniFin Executive Management Team. Heikkilä is responsible for the company’s risk management, Helminen for customer finance and Tommila for finance.

All members of the Executive Management Team report to Esa Kallio, President and CEO. The appointments are effective on 1 March, 2018.


Further information:

Esa Kallio, President and CEO, tel. +358 50 337 7953,

Measured by the group’s balance sheet, MuniFin (Municipality Finance Plc) is Finland’s second largest credit institution: the company’s balance sheet totals nearly EUR 35 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.

MuniFin’s mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled companies and non-profit housing cor­porations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centers, schools and day care centers, and homes for the elderly.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.