Jarkko Soikkeli was named director, head of strategy group and allocation at Varma Mutual Pension Insurance Co., Helsinki, a spokeswoman said.
Mr. Soikkeli previously served as strategist at the €47.4 billion ($52.7 billion) fund.
Mr. Soikkeli replaced Kari Vatanen. Mr. Vatanen was named CIO of the €3.6 billion Veritas Pension Insurance, Turku, Finland. He replaced Niina Bergring, who joined Aktia Bank as executive vice president for asset management.