Esa Kallio has an impressive track record in finance. He has worked for MuniFin since 2005, most recently heading the company’s funding and treasury functions. Since August 2017, he has also acted as an interim President and CEO.

– I am really looking forward to closer cooperation that will enable us to further improve our dialogue with customers. According to MuniFin’s revised vision, our aim is to be the preferred partner of our customers throughout the financing life cycle. We want to be a visionary sparring partner that welcomes challenges and is also able to challenge its customers. Our personnel has in-depth expertise in our customer sectors and this is something I want our customers to take full benefit of, Esa Kallio says.

– Reforms unequalled in scope are currently taking place in our customers’ operating environment. We will assist them in evaluating the practical effects of the future changes and identifying new solutions. At present, we are focusing on customer-oriented development and the digitalisation of our services. This requires close partnerships with our customers, Kallio says.

Changes in MuniFin’s Executive Management Team

Following Esa Kallio’s appointment as the President and CEO of MuniFin, Mari Tyster has been appointed as the deputy to the CEO. Tyster is the company’s Executive Vice President, Legal and Governance and member of the Executive Management Team. Simultaneously, Joakim Holmström and Rainer Holm have been appointed as new members to the Executive Management Team. Furthermore, Holmström, who has headed MuniFin’s funding operations, will assume the responsibility of leading the company’s capital markets operations.

Toni Heikkilä, Jukka Helminen and Marjo Tomminen will continue as members of the Executive Management Team.

Municipality Finance Plc, or MuniFin, provides municipalities in Finland with digital services that can speed up and automate the processes of public financing. Now, the financing management tool provided by MuniFin will be extended to support investment activities.

Municipal assets are seldom limited to listed securities, but often include physical assets such as land and real estate. With the expansion of the platform, municipalities can manage a wide range of assets in one system.

– It is important to follow the returns on investments to be able to plan the future investments. Additionally, many municipalities have outsourced their investments to asset managers, whose performance and cost levels may not be comparable, says Hannes Helenius, Chairman of the Board of FA Solutions.

MuniFin develops its services on a customer-oriented basis.

– This is a highly desirable addition to MuniFin’s services. Monitoring and reporting the overall picture of our financial position is easier when the liabilities and assets are manageable in one system. In addition, we can make the city’s financial management more transparent, which is particularly important for a public organisation, adds Kari Pentti, Financial Manager at City of Turku.

The expansion is implemented in cooperation with FA Solutions, a Nordic financial technology firm.

– We want to provide services in an ecosystem with our partners. Operations are efficient when each member of the network focuses on their core competencies, comments Jukka Leppänen, Manager, lending in MuniFin.

In Sweden, Kommuninvest has been providing similar services to Swedish municipalities and provinces since 2016.

Further information:

Jukka Leppänen, Municipality Finance Plc
Manager, lending
jukka.leppanen@munifin.fi
+358 50 5910 934

Hannes Helenius, FA Solutions
Partner, Chairman of the Board
hannes.helenius@fasolutions.com
+358 20 7118 514