Case Study: Ilmarinen Mutual Pension Insurance executes alpha strategy and gains firm-wide risk control with Finastra Fusion Invest

Ilmarinen Executes Alpha Strategy and Improves Risk Control Firm-Wide

Ilmarinen Mutual Pension Insurance, Finland’s second‑largest pension provider with €27bn in assets, 870,000 policyholders and nearly 600 staff, needed to build an in‑house alpha/alternatives strategy but found its legacy systems unable to price and risk‑manage OTC derivatives, FX and commodities or provide the transparency and scalability required. To support integration with existing front/middle/back office processes and meet tighter regulatory reporting needs, Ilmarinen selected Finastra’s Fusion Invest as the operational and risk platform.

Finastra implemented Fusion Invest’s modular platform to deliver full pricing and valuation for exotic instruments, straight‑through processing, flexible reporting (including EMIR and short‑position reporting) and aggregated, real‑time risk analytics for VaR and stress testing. The solution reduced manual processing and errors, lowered headcount needs as the fund grew, improved compliance and reporting speed, and enabled Ilmarinen to roll Fusion Invest across its entire fund range—materially increasing operational efficiency and firm‑wide risk control.

Ilmarinen Mutual Pension Insurance

Ville Helske

Head of Ilmarinen Alpha and Head of Allocation