United Bankers expands its offering into the Private Equity market – Tero Wesanko to strengthen the asset management team
United Bankers Plc
PRESS RELEASE 19 January 2026 at 10.00 EET
United Bankers expands its offering into the Private Equity market – Tero Wesanko to strengthen the asset management team
United Bankers continues to develop its fund offering by launching a new fund investing globally in private companies through various alternative investment funds. The UB Private Equity (AIF) fund aims to benefit from the long-term value creation related to private equity investments and the significant growth potential of private market, targeting an annual return of approximately 8–10%. The fund is managed by UB Fund Management Company Ltd.
Teemu Hahl and Tero Wesanko have been appointed as portfolio managers of the UB Private Equity fund. Tero Wesanko, who joined United Bankers on 13 January 2026, will, in addition to his portfolio management responsibilities for the fund, play a key role within the company’s asset management team. Wesanko has 25 years of extensive experience in capital markets and asset management. He has previously worked as Head of Portfolio Management and Chief Strategist at Alexandria Fund Management Company and as an analyst, investment director and chief equity strategist at Nordea. Wesanko holds a Master’s degree in Economics and Business Administration.
According to Tero Wesanko, unlisted companies are highly attractive as an investment, as they provide access to companies’ development and rapid growth already at an early stage of their business lifecycle. "Unlisted companies offer investors diversification benefits and higher return potential compared to traditional listed companies. We want to offer an open-ended fund aimed at a broad investor target group, bringing private market opportunities into a well-balanced investment portfolio", summarises Tero Wesanko, Portfolio Manager at UB Private Equity.
Private Markets, i.e. unlisted investments, are among United Bankers' strategic growth priorities. "I believe that both institutional and private investors will increase their allocations in unlisted companies in the future. They are a key component of a well-diversified investment portfolio, as the markets they represent are significantly larger in value than the listed markets. We will continue to develop versatile Private Equity solutions for our different client segments and have already begun preparations to bring to market solutions also targeted at professional investors", says John Ojanperä, CEO of United Bankers.
Further information:
John Ojanperä, CEO, United Bankers Plc
Email: john.ojanpera@unitedbankers.fi
Phone: +358 40 842 3472, +358 9 25 380 356
Investor Relations: ir@unitedbankers.fi
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 166 employees (FTE) and 24 agents (30 June 2025). In 2024, the United Bankers Group’s revenue totalled EUR 62.1 million and its adjusted operating profit amounted to EUR 23.7 million. The Group’s assets under management amount to approximately EUR 4.9 billion (30 June 2025). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit unitedbankers.fi.
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