Press release, 26 May 2025 at 10:30 a.m. EEST
Mandatum Incentives Oy, a wholly-owned subsidiary of Mandatum Life Insurance Company Limited, will merge into Mandatum Life Services Ltd, a company also wholly-owned by Mandatum Life Insurance Company Limited, as a sister company merger in accordance with the Finnish Limited Liability Companies Act. The effective date of the merger is 31 May 2025, and no merger consideration will be paid. The rationale behind the merger is Mandatum’s aim to simplify its group structure.
Mandatum Incentives Oy has provided consulting services on short- and long-term incentive schemes. After the merger, the provision of these services will continue unchanged, with the Mandatum Incentives Oy’s employees joining the newly formed Mandatum Incentives team.
Mandatum offers companies extensive reward and compensation consulting services, including basic remuneration systems, market salary comparisons, personnel funds, and short- and long-term incentive systems. A reward and compensation solution is created to support the achievement of a client company’s strategy and goals, and to increase the long-term company value. An effective reward system helps clarify employee goals, reward good performance, and improve employee motivation.
Additional information:
Kiisa Hulkko-Nyman
Business Director
Tel. +358 50 337 5482
kiisa.hulkko-nyman[a]mandatum.fi
Niina Riihelä
SVP, Communications, brand and sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients. At the centre of Mandatum's success are highly skilled personnel, a strong brand as well as a proven investment track record.
mandatum.fi/en/group
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