Satu Uski, Alisa Bank’s compliance officer since January 2025, has been promoted to chief information officer, effective June 1, 2026, as the Helsinki-listed digital bank completes a year-long reconstruction of its leadership team and sharpens its focus on scalable SME banking and regulatory-heavy growth areas. 

The appointment, still subject to FIN-FSA approval, places a compliance and financial crime specialist at the center of the bank’s technology strategy at a time when Alisa is repositioning around Banking-as-a-Service, SME financing, and tighter operational discipline.

Uski succeeds Tomi Pulkkinen, who will remain at the company as head of IT, preserving technical continuity while shifting management emphasis toward the intersection of technology, compliance, and business execution. 

“Scalability of our services and technology-driven development play a key role in our strategy,” Acting CEO Aki Gynther said in the company’s announcement today, also linking the move to the recent appointment of Marko Ahola as chief risk and compliance officer. Together, the changes mark another major step in Alisa Bank’s unusually broad management reset over the past 12 months.

A CIO shaped by regulation and digital banking

The promotion changes the balance of power inside the organization. Uski is not a traditional infrastructure CIO. Her background sits at the increasingly strategic layer between banking technology and regulatory control: Know Your Customer (KYC) procedures, Anti-Money Laundering (AML) frameworks, fraud prevention, identity verification, and digital customer lifecycle management. 

Before joining Alisa Bank, she spent five years at Tieto in senior financial services business development and compliance roles focused on financial crime prevention and regulated digital banking processes. Earlier in her career, she led Tieto’s eBanking unit with profit-and-loss responsibility across four countries and held transformation roles at Aktia. 

That profile matters because Alisa’s future growth depends less on adding lending volume and more on building a scalable, compliant digital banking infrastructure that can support SME lending and embedded banking partnerships.

A strategy built around embedded banking

The management rebuild makes most sense against Alisa Bank’s full-year 2025 results and published strategy. Operating income came in at EUR 14.9 million, while the loss before taxes reached EUR -2.1 million. At the same time, the bank’s capital adequacy ratio surged to 34.6% from 17.6%, largely because Alisa sold a significant portion of its consumer loan portfolio for EUR 51 million in December 2025. The bank described the transaction not as a distress move, but as “part of a refocusing of its business and efforts to improve profitability.”

That repositioning has clarified the bank’s strategic direction. Invoice financing has emerged as the primary growth product, while Banking-as-a-Service partnerships are becoming the core distribution model. During 2025, Alisa added partnerships with Nordea, Administer, Fennoa, and Netvisor, deepening its embedded banking ambitions. The board has also set explicit medium-term financial targets for the 2024–2027 strategy period: return on equity above 15%, annual income growth of around 20%, and a cost-to-income ratio below 50% by the end of 2027, compared with 92% at the end of 2025. That gap is what the rebuilt management team has been assembled to close.

Uski’s CIO appointment fits directly into this framework. In a Banking-as-a-Service-led bank, scalable technology, compliant digital customer journeys, and KYC/AML infrastructure are not support functions. They are part of the product itself.

That shift helps explain why the bank has rebuilt nearly every major operating function in sequence. Since mid-2025, Alisa has replaced or restructured leadership across funding, risk, business banking, and executive management. The CRCO role elevated compliance to the management team level. Uski’s promotion now extends that same logic into technology leadership. The rebuild reflects a bank focused less on growth at any cost and more on scalable, tightly governed expansion.

Execution becomes the next test

The internal impact may be equally important. By moving Pulkkinen into a specialized head of IT role rather than losing him outright, the bank avoids the disruption that often accompanies a technology leadership change during transformation periods. At the same time, Uski’s appointment gives the management team a stronger operational bridge between compliance, product development, and customer onboarding. In practice, that likely means technology priorities become more closely tied to automation, regulatory resilience, and scalable onboarding capabilities rather than standalone infrastructure modernization.

The bank’s own 2026 outlook anticipates a loss-making first half, with profitability before non-recurring items and taxes expected to turn positive in the second half. A similar back-half profitability target had also been set for 2025 but was not achieved, making the H1 2026 interim results the first real scorecard for the rebuilt leadership team.

Beyond the numbers, the unresolved CEO situation remains one of the most important structural questions around the company. Former CEO Sampsa Laine signed the 2025 Annual Report in February 2026 but had already departed by the time it was published. Acting CEO Aki Gynther’s tenure has now stretched across the consumer portfolio exit, the management overhaul, and multiple senior appointments. Whether the board eventually removes the “acting” designation may say more about Alisa Bank’s long-term direction than any single executive hire.

Alisa Bank enters 2026 leaner, more focused, and with a management team built almost from scratch around its revised strategy. The targets are public. The organizational architecture is now largely in place. What remains is execution, and Satu Uski, elevated from compliance into the CIO role, is central to that effort.

|

|

Leaders

Alisa Bank promotes Satu Uski from compliance to CIO after year-long management overhaul

Alisa Bank promotes Satu Uski from compliance to CIO after year-long management overhaul

·

5 min read

Explore and follow profiles from this article to get timely updates:

Satu Uski, Alisa Bank’s compliance officer since January 2025, has been promoted to chief information officer, effective June 1, 2026, as the Helsinki-listed digital bank completes a year-long reconstruction of its leadership team and sharpens its focus on scalable SME banking and regulatory-heavy growth areas. 

The appointment, still subject to FIN-FSA approval, places a compliance and financial crime specialist at the center of the bank’s technology strategy at a time when Alisa is repositioning around Banking-as-a-Service, SME financing, and tighter operational discipline.

Uski succeeds Tomi Pulkkinen, who will remain at the company as head of IT, preserving technical continuity while shifting management emphasis toward the intersection of technology, compliance, and business execution. 

“Scalability of our services and technology-driven development play a key role in our strategy,” Acting CEO Aki Gynther said in the company’s announcement today, also linking the move to the recent appointment of Marko Ahola as chief risk and compliance officer. Together, the changes mark another major step in Alisa Bank’s unusually broad management reset over the past 12 months.

A CIO shaped by regulation and digital banking

The promotion changes the balance of power inside the organization. Uski is not a traditional infrastructure CIO. Her background sits at the increasingly strategic layer between banking technology and regulatory control: Know Your Customer (KYC) procedures, Anti-Money Laundering (AML) frameworks, fraud prevention, identity verification, and digital customer lifecycle management. 

Before joining Alisa Bank, she spent five years at Tieto in senior financial services business development and compliance roles focused on financial crime prevention and regulated digital banking processes. Earlier in her career, she led Tieto’s eBanking unit with profit-and-loss responsibility across four countries and held transformation roles at Aktia. 

That profile matters because Alisa’s future growth depends less on adding lending volume and more on building a scalable, compliant digital banking infrastructure that can support SME lending and embedded banking partnerships.

CEO newsletter

For those carrying responsibility at the top.

A monthly letter on leadership, power, and transition in the Nordics. Written by Helene Auramo, drawn from real CEO conversations and leadership signals.

Delivered monthly.

By signing up, you agree to our Privacy Policy

CEO newsletter

For those carrying responsibility at the top.

A monthly letter on leadership, power, and transition in the Nordics. Written by Helene Auramo, drawn from real CEO conversations and leadership signals.

Delivered monthly.

By signing up, you agree to our Privacy Policy

A strategy built around embedded banking

The management rebuild makes most sense against Alisa Bank’s full-year 2025 results and published strategy. Operating income came in at EUR 14.9 million, while the loss before taxes reached EUR -2.1 million. At the same time, the bank’s capital adequacy ratio surged to 34.6% from 17.6%, largely because Alisa sold a significant portion of its consumer loan portfolio for EUR 51 million in December 2025. The bank described the transaction not as a distress move, but as “part of a refocusing of its business and efforts to improve profitability.”

That repositioning has clarified the bank’s strategic direction. Invoice financing has emerged as the primary growth product, while Banking-as-a-Service partnerships are becoming the core distribution model. During 2025, Alisa added partnerships with Nordea, Administer, Fennoa, and Netvisor, deepening its embedded banking ambitions. The board has also set explicit medium-term financial targets for the 2024–2027 strategy period: return on equity above 15%, annual income growth of around 20%, and a cost-to-income ratio below 50% by the end of 2027, compared with 92% at the end of 2025. That gap is what the rebuilt management team has been assembled to close.

Uski’s CIO appointment fits directly into this framework. In a Banking-as-a-Service-led bank, scalable technology, compliant digital customer journeys, and KYC/AML infrastructure are not support functions. They are part of the product itself.

That shift helps explain why the bank has rebuilt nearly every major operating function in sequence. Since mid-2025, Alisa has replaced or restructured leadership across funding, risk, business banking, and executive management. The CRCO role elevated compliance to the management team level. Uski’s promotion now extends that same logic into technology leadership. The rebuild reflects a bank focused less on growth at any cost and more on scalable, tightly governed expansion.

Execution becomes the next test

The internal impact may be equally important. By moving Pulkkinen into a specialized head of IT role rather than losing him outright, the bank avoids the disruption that often accompanies a technology leadership change during transformation periods. At the same time, Uski’s appointment gives the management team a stronger operational bridge between compliance, product development, and customer onboarding. In practice, that likely means technology priorities become more closely tied to automation, regulatory resilience, and scalable onboarding capabilities rather than standalone infrastructure modernization.

The bank’s own 2026 outlook anticipates a loss-making first half, with profitability before non-recurring items and taxes expected to turn positive in the second half. A similar back-half profitability target had also been set for 2025 but was not achieved, making the H1 2026 interim results the first real scorecard for the rebuilt leadership team.

Beyond the numbers, the unresolved CEO situation remains one of the most important structural questions around the company. Former CEO Sampsa Laine signed the 2025 Annual Report in February 2026 but had already departed by the time it was published. Acting CEO Aki Gynther’s tenure has now stretched across the consumer portfolio exit, the management overhaul, and multiple senior appointments. Whether the board eventually removes the “acting” designation may say more about Alisa Bank’s long-term direction than any single executive hire.

Alisa Bank enters 2026 leaner, more focused, and with a management team built almost from scratch around its revised strategy. The targets are public. The organizational architecture is now largely in place. What remains is execution, and Satu Uski, elevated from compliance into the CIO role, is central to that effort.

Follow moves like this on the Listeds Executive Intelligence Platform.

Board Programme

Built for Nordic listed company boards.

The only programme in the Nordics designed specifically for listed-company board work.
Five sessions, one cohort, twenty leaders in one room - Helsinki, 2026.

Board Programme

Built for Nordic listed company boards.

The only programme in the Nordics designed specifically for listed-company board work.
Five sessions, one cohort, twenty leaders in one room - Helsinki, 2026.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Devdatta Temgire is a data and business analyst at Listeds. He contributes research, data analysis, and pattern detection to the publication’s coverage of Nordic-listed companies, with a focus on board composition, leadership transitions, and financials. He holds an honors degree in artificial intelligence and data science alongside a bachelor’s in computer engineering, and previously worked at KPMG.

Devdatta Temgire is a data and business analyst at Listeds. He contributes research, data analysis, and pattern detection to the publication’s coverage of Nordic-listed companies, with a focus on board composition, leadership transitions, and financials. He holds an honors degree in artificial intelligence and data science alongside a bachelor’s in computer engineering, and previously worked at KPMG.

Authors

Journalist

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Devdatta Temgire is a data and business analyst at Listeds. He contributes research, data analysis, and pattern detection to the publication’s coverage of Nordic-listed companies, with a focus on board composition, leadership transitions, and financials. He holds an honors degree in artificial intelligence and data science alongside a bachelor’s in computer engineering, and previously worked at KPMG.

All Listeds newsletters (bundle)

One sign-up, the full picture.

Get every Listeds newsletter: the daily signal drumbeat, the weekly Pulse briefing, the monthly Best of the Month, the CEO letter, and the Weekend read.

By signing up, you agree to our Privacy Policy

All Listeds newsletters (bundle)

One sign-up, the full picture.

Get every Listeds newsletter: the daily signal drumbeat, the weekly Pulse briefing, the monthly Best of the Month, the CEO letter, and the Weekend read.

By signing up, you agree to our Privacy Policy

Latest signalsLive feed
Moves trackerLive feed

Investor Event

Listeds Investor Event · Defence

Nordic defence is in a once-in-a-generation growth cycle. Eight listed and pre-IPO companies pitch to 100+ invited investors at Valkoinen Sali, Helsinki

21 September 2026

Latest on Listeds

Leadership Moves

Elecster keeps leadership inside the board as Juuso Halonen becomes CEO

Oct 2, 2026

Elecster's board has named Deputy CEO Juuso Halonen as chief executive from 1 December 2026. Arto Kinnunen, CEO since 2017 and with the group for more than 30 years, leaves the role on 30 November and stays on as management advisor. On the same day, CFO Veronika Halonen becomes deputy CEO, eleven months after taking the finance role.

The March deputy appointment was the succession plan

On 5 March, Elecster appointed Halonen deputy CEO and a member of the management team from 30 March, reporting to Kinnunen. The stated remit was global sales and marketing and the development of management systems. Seven months later, the board has confirmed what that move signalled.

Halonen is an insider in every sense. He joined the group in 2011, has been CIO since 2019 and has sat on the board since 2024. At the time of the March appointment he held 32,705 Elecster shares. The company says Kinnunen's advisory role is meant to secure continuity through the year-end financial statement process, which places the first results under the new CEO in early 2027.

“Juuso knows Elecster, its business, personnel and international operating environment very well. The Board believes that his long experience with the company and the close work with Arto in recent months create a strong foundation for transferring the CEO's responsibility and further developing Elecster's operations,” says Jukka Halonen, Chairman of the Board, in the press release.

“I am pleased that the change of CEO can be implemented in a planned and controlled manner. I have worked closely with Juuso, and I can confidently transfer the responsibility of CEO to him,” says Arto Kinnunen.

He inherits a company whose order book has halved since March

The numbers Halonen takes over are thin. First-half 2026 revenue fell around 5.2% to EUR 15.8 million, and operating profit dropped to EUR 0.1 million from EUR 0.5 million a year earlier. The order backlog stood at EUR 4.8 million at the end of June, down from EUR 8.6 million at the end of March, as the Middle East conflict delayed customer investment decisions. A fire at the Kenyan subsidiary in Nairobi added around EUR 0.4 million in one-off costs.

The longer trend points the same way. Full-year 2025 revenue fell around 3.6% to EUR 32.7 million, and operating margin narrowed to 3.0% from 4.7%. The April AGM approved no dividend. The Russian packaging business, which the company says it will keep running for now, is the risk it flags most directly in the H1 report. Elecster still guides for revenue growth and improved earnings per share in 2026.

Halonen's own priorities match the gap. He names international sales and marketing, the service business and presence in core markets as the areas to develop, while keeping profitability as a cornerstone.

“Reliability, customer focus and profitability remain the cornerstones of our operations. At the same time, we must develop international sales and marketing, service business, our products and operating methods, and strengthen our presence and customer cooperation in our key market areas,” says Juuso Halonen in the press release.

Halonen family will hold both top executive roles and four of six board seats

The appointment concentrates leadership further. The board elected at the April 2026 AGM has six members: Aija Bärlund, Jarmo Halonen, Jukka Halonen as chair, Juuso Halonen, Veronika Halonen and Timo Kangas. From December, the CEO and deputy CEO will both come from that board.

“With her analytical and dynamic approach, Veronika Halonen has taken on the responsibilities of her current position well, and with this appointment as Deputy CEO, we are clarifying the Group's overall management structure,” says Jukka Halonen.

For a company of Elecster's size, an internal successor with seven months of supervised handover is a defensible choice. It also means the board chose continuity over an external search at a point when the business needs commercial renewal. Whether that trade pays off will show first in the order book, not in the governance chart.

Market Signals

Nightingale Health's USD 6.5 million brain health deal lands as it targets EUR 10 million in revenue

Oct 1, 2026

The Michael J. Fox Foundation will pay USD 6.5 million for Nightingale Health to analyse 60,000 UK Biobank samples for neurodegeneration markers. The company disclosed the agreement as inside information on 30 September. A day later, Nightingale published an annual report setting a revenue target of at least EUR 10 million for the current financial year.

The work will use Alamar Biosciences' NULISAseq™ Neuro 220 Panel, which is designed for neurodegeneration and other brain health conditions. At the Foundation's direction, the dataset goes to UK Biobank and opens to the wider research community in 2027. The aim is to find blood markers that change years before the symptoms of Alzheimer's and Parkinson's appear.

CEO and founder Teemu Suna said the company believes the deal will produce the world's largest brain health-focused proteomics study on a single research cohort.

The contract puts Nightingale's move into proteomics to work

The annual report says Nightingale expanded its offering into proteomics in response to growing interest in multiomics, strengthening its position in the research market. The step came through its November 2025 partnership with Alamar.

The report describes research as a separate business with its own customers and products. It is also where much of the evidence for Nightingale's healthcare business comes from, including measurements of all roughly 500,000 UK Biobank participants. The largest research agreements the report lists for the past financial year were with Aalborg University, at about EUR 2.4 million, and the Moli-sani study, at about EUR 0.7 million.

Revenue follows the samples, and the first read comes in March

Nightingale's revenue for the financial year ended June 2026 was EUR 5.50 million, up from EUR 4.69 million. That fell short of the more than 50% growth the company had targeted. In June, Nightingale warned that a EUR 2.4 million project announced in September 2025 had been delayed for reasons outside its control. As a result, about EUR 2 million of revenue moves into the current financial year. Suna called it "timing, not lost business".

The company recognises revenue over time as samples are analysed. It collects advance payments for most of its services, and the gap between payment and analysis is typically three to six months. The release gives no timeline for analysing the 60,000 samples.

The company expects its liquid funds of EUR 36.8 million to last until the end of the 2027/2028 financial year. The half-year report on 9 March 2027 will be the first chance to see how much of the delayed project and the Fox Foundation contract has turned into revenue towards the EUR 10 million target.

Join our Pulse, Best-of-the-Week, and Weekend newsletters

Join our Pulse, Best-of-the-Week, and Weekend newsletters