Timo Löyttyniemi is a finance professional and an academic working at the intersection of business and government. He is a Professor of Practice at Aalto University School of Business. He is the former CEO of the State Pension Fund (VER) in Finland, where he served as CEO from 2003 until early 2026, when he retired. VER is a governmental pension buffer fund under the supervision of the Ministry of Finance. Previously, he served as Vice-Chair of the Single Resolution Board (SRB) of the European Union from 2015 to 2019 in Brussels, Belgium. The SRB is the resolution authority of the European Banking Union. As Vice-Chair, he led the establishment and initial build-up of the Single Resolution Fund (SRF), financed by industry contributions over an eight-year phase and now holding more than 80 billion euros – a large publicly mandated investment pool in the European Banking Union.
During his business career, he worked in the financial industry, in banking and investment banking, leading and advising on corporate finance assignments, including privatization projects of state-owned enterprises, initial public offerings, and share issues. He has also been a member of several investment committees and boards of directors at corporations and foundations. He has served as a CEO, board member, and supervisory board member of stock-exchange-listed companies. He is currently sitting on the Board of Directors of Solidium Plc, which is a sovereign investor and active owner of stock-exchange-listed state-owned enterprises in Finland. He is also the Chairman of the Board of the Foundation for Economic Education.
He holds a PhD in economics from Aalto University and has been a visiting researcher at Georgetown University. He currently lectures and advises on financial stability, corporate governance, and institutional investments, especially from a sovereign wealth fund (SWF) and a pension fund perspective. As a Senior Fellow at the M-RCBG, he will focus his research on financial stability and public backstops. His faculty sponsor is Jason Furman, the Aetna Professor of Practice of Economic Policy, jointly at Harvard Kennedy School and Harvard's Department of Economics.