Elo Makes Interim CIO Permanent

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    Stockholm (NordSIP) – In the last mover of the year, Elo Mutual Pension Insurance Company appointed Jonna Ryhänen (Pictured) as Chief Investment Officer (CIO) and Deputy CEO of Elo. The appointment followed the departure of Hanna Hiidenpalo, who was responsible for Elo’s investment operations since 2014.

    “It is a great honour to lead Elo’s top investment experts. Employment pension companies carry out very meaningful work and it is a pleasure to be involved in this task from the investment organisation,” Ryhänen commented on the occasion of her appointment.

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    “Jonna has a strong track record in the management of the investment organisation and vision to further develop the function. I am happy that we are getting Jonna to steer Elo’s investments, ”says Carl Pettersson, CEO of Elo.

    Following Hiidenpalo’s departure, Ryhänen was appointed as interim CIO of Elo as of October 1st, 2023, a role which became permanent in December 2023. Prior to assuming the CIO role, Ryhänen led Elo’s allocation and alternative investments unit.

    “Hanna Hiidenpalo has led with determination Elo’s investment operations in a turbulent environment and with good results. She will leave her successor a competent and engaged investment organization. She has also played an important role in the development of Elo’s new strategy. We are grateful for her strong contribution and wish her all the best in the future,” Elo’s CEO Carl Pettersson said on the occasion of Hiidenpalo’s departure.

    Elo is a large pension and insurance company serving Finnish companies and about 40% of self-employed people in Finland with €28 billion in assets under management.

    Image courtesy of ELO
    Filipe Albuquerque
    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.
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