Mikael Terho M.Sc. (Econ.) has started as Head of Funding at Aktia today, 18 May 2026. In his role, he is responsible for Aktia’s long-term funding and relations with debt investors and financing partners.

Funding plays a key role in Aktia’s operations, as more than half of the bank’s funding is market-based. The bank’s active presence in the fixed income and debt capital markets and its long-standing relationships with investors and financial partners are an important part of its business and competitiveness. Aktia is an active issuer, with a diversified funding base consisting of, among other things, covered bonds as well as senior preferred and senior non-preferred instruments.

Mikael Terho joins Aktia from Danske Bank, where he has been responsible for corporate bond origination for Finnish companies. He has extensive, long-term experience from capital markets, and has held sales, trading, advisory and leadership roles in both Danske Bank and Nordea.

”Aktia is a well-known and respected player in the market. It is great to become part of the team and to continue the long-term cooperation with investors and partners,” says Mikael Terho.

”Mikael brings strong expertise and experience from the markets. Funding is a strategically important area for Aktia, and we aim to remain an active and reliable participant in the European financial markets. I would like to warmly welcome Mikael to Aktia,” says Karri Varis, Group Treasurer at Aktia.

Mikael Terho succeeds Timo Ruotsalainen, who has played a key role in building Aktia’s funding and debt investor relations into their current form. During the transition period, Ruotsalainen will continue in the role of Senior Advisor before retiring at the end of the year.

Aktia Korkosalkku -rahasto on palkittu Refinitiv Lipper Fund Awards -vertailussa parhaana pohjoismaisena rahastona Bond Global EUR -sarjassa 10 vuoden tarkastelujaksolla. Palkinto on tunnustus Aktian kyvystä kykyä tuottaa kilpailukykyistä pitkän aikavälin tuottoa aktiivisella korko- ja allokaatio osaamisella.

Aktia Bond Allocation is a wealth allocation fund that primarily invests in bonds and utilises both Aktia's own actively managed funds and external funds that have passed a strict selection process.

"The esteemed recognition from Lipper speaks to Aktia's strong expertise in allocation and fund selection, as well as genuine cross-team collaboration that makes success possible. It is a great source of pride for me to be part of this larger effort," says portfolio manager Anna-Liisa Rissanen.

Johanna Juujärvi , the other portfolio manager of the fund and head of the Manager Selection and Asset Allocation team, says that the recognition is a valuable acknowledgement for Aktia and a result of Aktia's investments in open architecture expertise. 

“It shows that our fixed income and allocation expertise is strong compared to the Nordic reference group and that our systematic investment process that relies on thorough analyses produces results even in challenging market conditions. I am very proud of the persevering work and results of our portfolio management team and the entire portfolio management floor. This has required success from us in both our allocation decisions and our fund selection. Our success has been fuelled by the strong performance of the external products selected for the portfolio and especially our own fixed income funds,” Juujärvi emphasises.

Refinitiv Lipper is a leading international and independent producer of fund analyses and comparisons. Refinitiv Lipper Fund Awards are granted annually to the best funds and the best asset management and fund management companies around the world. The awards are based on risk-weighted returns over three, five and ten years.