EUR 24bn pension investor makes trading team to cut costs, boost returns

Mutual pensions company Elo has developed an in-house trading team to stay ahead in fierce competition for pension savers and optimal returns: "Whatever savings we can make from the asset management process directly boost our investments and translate into pensions for our customers," head of trading tells AMWatch.

Sami Kinnala, Head of Trading at Elo. | Photo: PR / Elo

Finland's mutual pensions insurance market is made up of four mutual pension companies, and competition for attracting new customers is fierce. As a means to stay ahead of competition, the EUR 24bn pension fund Elo has developed a new in-house trading team.

"The aim of having a separate trading team is operational efficiency; to save in trading costs, to get more euros written on the last line of the balance sheet," Elo Head of Trading Sami Kinnala explains.

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