Evli Bank Plc is planning to reorganize its administration and support functions
EVLI BANK PLC STOCK EXCHANGE RELEASE AUGUST 14, 2019 AT 10.00 AM
Inside information
Evli Bank Plc initiates a business reorganization process in business support functions and Group administration.
The planned reorganization of administration and support functions is related to Evli’s strategic initiatives to improve customer experience as well as digitalization through development of information systems. Strategy work has now entered a phase where it is appropriate to negotiate a reorganization plan prepared by the employer regarding current job descriptions and responsibilities. This would further contribute to the continuous and purposeful efforts to achieve strategic goals.
“We are continuously working on developing our strategic focus areas in order to reach our target of achieving an even broader selection of funds and more international clientele. Along with new alternative investment products and international sales, work is done to create a unique client experience and boost the efficiency of investment processes. We have been investing in the development of our information systems for a long time now. We believe this work will have a positive impact on our client satisfaction and profitability”, says Evli Bank’s CEO Maunu Lehtimäki.
In relation to the planned reorganization, the company will initiate a co-determination procedure. The co-determination negotiations cover a total of about 75 persons from Evli Group's administration and support functions. According to preliminary estimates, the reorganization plan, if implemented, could result in a substantial change of job description or termination of up to a total of 23 roles. Upon completion of the plan, Evli estimates that it will be able to provide approximately 13 new or changed roles as an alternative to a possible termination of employment. These tasks would be offered to suitable persons in accordance to relocation obligation.
EVLI BANK PLC
Maunu Lehtimäki, CEO
For additional information, please contact:
Maunu Lehtimäki, CEO, Evli Bank Plc, tel. +358 (0)50 553 3000,
Evli Bank Plc
Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, equity research, administration of incentive programs and Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is the highest ranked and most used institutional asset manager in Finland*.
Evli has a total of EUR 13.3 billion in client assets under management (net 6/2019). The Evli Group’s equity capital totals EUR 69.6 million and its BIS capital adequacy ratio is 14.7 percent (June 30, 2019). The company has more than 250 employees. Evli Bank Plc’s B shares are listed on Nasdaq Helsinki Ltd.
*KANTAR SIFO Prospera External Asset Management Finland 2015, 2016, 2017, 2018, 2019, SFR Scandinavian Financial Research Institutional Investment Services, Finland 2015, 2016 ,2017, 2018.
Distribution: Nasdaq Helsinki Ltd, main media,
