Keva has appointed Maaria Kettunen as its new chief investment officer (CIO) and member of the management group, effective 1 November 2025.

Kettunen, who currently serves as chief operating officer for investments and as deputy CIO, will succeed Ari Huotari, who is set to retire in 2026.

Having joined Keva in 1998, Kettunen has held a range of roles within the investment function.

Commenting on the appointment, Keva board chair, Heikki Autto, said her long-standing experience was “crucial” to the scheme’s future.

“Maaria Kettunen has extensive experience with stable and long-term investment activities at Keva,” Autto continued.

“This experience and her proven ability are crucial as, in the future, the return on Keva’s investments will play an increasingly decisive role in the payment of pensions.

"Keva’s fund of €73bn is the largest in Finland, and its profitable and secure management is vital for the entire pension system,” she noted.

Kettunen said she was honoured to take on the role, emphasising its broader societal impact.

“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,” she said.

“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,” added Kettunen.

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