Mandatum is part of the development of Finland’s financial markets and its roots date back close to 150 years, when the life insurance company, Kaleva, was founded in 1874. In 1997, part of Kaleva’s insurance portfolio was transferred to the newly established life insurance company Sampo Life. A year later, the life insurance company Nova was merged with Sampo Life and in 2000, Leonia Life Insurance came aboard. The next year, the Sampo-Leonia bank group bought Mandatum Bank. Mandatum’s story in its current form began in 2008 when the old investment bank’s name was resurrected and Sampo Life became Mandatum Life. At the same time, the new Money and Life strategy was launched and wealth management was established alongside the life insurance operations. This history illustrates the key milestones of Mandatum’s business.