Timo Ritakallio is a prominent contributor to the Finnish economic sector and finance industry. He started as the new President of OP Group in March 2018.
Prior to that, he worked at Ilmarinen Mutual Pension Insurance Company as President and CEO starting 2015 and as Chief Investment Officer and Deputy CEO in 2008–2014. Before Ilmarinen, Ritakallio had a long career in various management duties at OP. He is a Master of Laws, an MBA, and a Doctor of Science. Ritakallio holds several positions of trust. He is, for example, President of the Finnish Olympic Committee and Vice Chairman of the Board of Directors at Outotec.
Finance and economic decision-making is one of the research focus areas at the University of Vaasa. The finance industry is in major transition as globalisation, digitalisation, and regulation are challenging the industry. OP Group invests in technological development, and the group has also developed completely new ways of creating value for their customers. As the head of OP Group, which is reforming its operations, Ritakallio is an important contributor to the transition of the finance industry.