Room: R307 (School of Business premises, Väre building, 3rd floor)
Email: timo.loyttyniemi@aalto.fi
Experience
Aalto University
Professor of Practice, 2026-
The State Pension Fund (Finland)
CEO, 2003-2015, and 2020- Feb 2026
The Single Resolution Board (Brussels, EU)
Vice Chair, 2015-2019
Mandatum & Co
Director for Capital Markets, 1999-2003
Norvestia Plc
Managing Director, 1996-1999
Merita Corporate Finance Ltd and Prospectus Ltd
Director, 1994-1996
KOP (Structured Finance, International Investments)
Vice President, 1990-1993
Unitas Brokerage Ltd (Union Bank of Finland)
Financial Analyst, 1987-1990
UBF Doctorate Program
Georgetown University
Visiting Researcher, Spring 1987
Selected Positions of Trust
Member of the Board of Directors, Solidium Ltd, 2025-
Chairman of the Board of Diretors, Foundation for Economic Education (Liikesivistysrahasto), 2023-
Member of the Supervisory Board, The Finnish Cultural Foundation, 2022-
Earlier number of board member positions (e.g. Itella (Post), Itella Bank, OpusCapita, Edita, INREV (Netherlands)), investment committee positions (e.g. Aalto University, Cern Pension Fund (Switzerland)) and working group positions (e.g. Corporate Governance Code, Green Transition Finance, Capital Markets and Growth, Government Balance Sheet, Endowment Policy for Foundations). EU related positions (e.g. SRB boards and committees, Economic and Finance Committee (EFC), Task Force for Coordinated Action).
Books, reports and selected articles
“Public Backstops During Crises in 2022-2023”, VoxEU/CEPR, June 2023.
“Financial Instability in 2022-2023: Causes, Risks and Responses”, VoxEU/CEPR, April 2023.
“Integrating Climate Change into Financial Stability Framework”, VoxEU/CEPR, June 2021.
and in ebook “Combatting Climate Change: a CEPR Collection”, p. 175-183, 27 October 2021.
“Euroopan unionin uusi kriisinratkaisumekanismi ja finanssikriisi”, Kansantaloudellinen Aikakauskirja, 114, 4/2018.
“Valtio-omistus 2030 – mitä ja miksi?" (State Ownership 2030 – what and why?), report, Pörssisäätiö Foundation, 73 pages, in Finnish, 2011.
“Ylimmän johdon palkitsemisjärjestelmät” (Top Management Incentive Schemes) book with prof. Seppo Ikäheimo ja prof. Risto Tainio, Talentum, 297 pages, in Finnish, 2003.
Current working papers
“Financial Instability and Public Backstops during 2022-2023”, SSRN paper, April, 2025.
“Risk Level of a Pension Fund with Negative Cash Flows”, with Juho Tiri