Timo Löyttyniemi is the Vice Chair for the Single Resolution Board. Vice Chair is responsible for the Directorate which comprises of Corporate Services (Finance, HR, ICT, Facilities) and the Single Resolution Fund (SRF). The SRF consists of the following sectors: collecting of the contributions, funding and financing and investments. He is the chair of the Committee on Contributions which coordinates the work between SRB and NRAs on collecting of the contributions from the credit institutions to the Single Resolution Fund.
Before joining the SRB, he has been the Managing Director of the Finnish government’s State Pension Fund (2003-2015). Earlier he had worked in various roles in banks and in investment banking. From 1996 to 1999, he was Managing Director of Norvestia Plc and from 1999 to 2003 was Head of Capital Markets of Mandatum & Co. Ltd. (Sampo Bank). He has led and participated in corporate finance, restructuring, recapitalization, capital structure and capital raising projects in international investment banking environments. He holds a Ph.D. in Economics and has a strong understanding of academic research in both economics and in corporate finance.