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Esa Kallio appointed as the President and CEO of Municipality Finance Plc

Municipality Finance Plc
Stock Exchange Release
28 February 2018 at 8.30 am (EET)

Esa Kallio appointed as the President and CEO of Municipality Finance Plc

The Board of Directors of Municipality Finance, or MuniFin, has appointed M.Sc. Econ. Esa Kallio, 54, as the President and CEO of the company. The appointment is effective immediately. Kallio has acted as an interim President and CEO since August 2017.  

Esa Kallio has an impressive track record in finance and he has worked for MuniFin since 2005. Before being appointed as the President and CEO of MuniFin, he worked as Executive Vice President and Deputy to the CEO, heading the company’s funding and treasury functions.

– MuniFin has recently updated its strategy with even stronger emphasis on customer centricity and the principles of corporate responsibility than earlier. Esa Kallio has had a key role in the renewal process. MuniFin’s funding is completely global, and therefore his broad connection base and expertise in international capital markets are very valuable for the company. Having been in charge of MuniFin’s customer finance as well, he also knows the company’s clientele extremely well, says Helena Walldén, the Chairperson of MuniFin’s Board of Directors.

– At MuniFin I get to lead a company that is in good financial shape and has great potential to develop further. We are putting a lot of effort into developing new solutions to fulfil our customers’ changing needs and digitalising our services. MuniFin is a market leader within its customer segments, however our aim is to further improve our dialogue with customers. We want to be the most important financing partner and visionary advisor in balancing the overall financial state for both of our key customer segments – the Finnish municipal sector and not-for-profit organisations within the social housing sector, Esa Kallio says.


Board of Directors

Further information:

Esa Kallio, President and CEO, tel. +358 50 337 7953,
Contact requests for Helena Walldén, Chairperson of the Board of Directors on Wednesday 28 February from 9.30 am to 12 noon: Soili Helminen, Manager, Communications, tel. +358 400 204 853,

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.