Difference between revisions of "Mika Tiivola"
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| − | '''Carl Mikael "Mika" Augustinus Tiivola''' was a Finnish banker and business executive.<ref>https://www.blf.fi/artikel.php?id=5612</ref> | + | '''Carl Mikael "Mika" Augustinus Tiivola''' was a Finnish banker and business executive at a time when Finnish banking went from a regulated market to a "casino economy"<ref name=blf>https://blf.fi/artikel.php?id=5612</ref><ref>https://www.blf.fi/artikel.php?id=5612</ref> He attended the [[1978 Bilderberg meeting]]. |
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| + | ==Education== | ||
| + | Tiivola had a master's degree in political science and a bachelor's degree in law.<ref>https://runeberg.org/kuka/1978/0991.html</ref> He had earned the rank of active duty officer from the Cadet School in [[1943]] and had the rank of major in [[Finland/Military|the air force]] during [[World War 2]]. | ||
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| + | ==Career== | ||
| + | He was president and CEO of the United Bank of Finland from 1966 to 1970 and as president and CEO from 1970 to 1988<ref>Vesikansa, Jyrki: ''Tiivola, Mika (1922–1994)'', Suomen kansallisbiografia, osa 9, s. 805–807. Helsinki: Suomalaisen Kirjallisuuden Seura, 2007. ISBN 978-951-746-450-5</ref>. Tiivola was president and CEO of the United Bank, the largest bank in [[Finland]], during the biggest change in banking history in the [[1980s]], when the financial markets were [[liberalised]] and the banking business changed shape as foreign competition swept into Finland. In the [[1980s]], Tiivola was also chairman of the Board of [[Nokia Corporation]]. | ||
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| + | During Tiivola's term as president, the bank became the first Finnish bank to conduct actual banking activities in [[the USA]] when in April [[1985]] it acquired its former Associated Bank in [[New York]], United States.<ref>Mitä Missä Milloin, ''Kansalaisen vuosikirja 1986'', s. 61. Helsinki: Otava, 1985. ISBN 951-1-08527-1.</ref> in November 1985, the Union Bankbecame the largest bank in Finland when it acquired Helsinki Share Bank and absorbed it.<ref>Mitä Missä Milloin, Kansalaisen vuosikirja 1987, s. 27. Helsinki: Otava, 1986. ISBN 951-1-08999-4.</ref> | ||
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| + | Tiivola cooperated most intensively with the business leader [[Casimir Ehrnrooth]] in the arrangements within the Union Bank's industrial group.<ref name=blf/> | ||
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| + | Tiivola had the chairmanship of the business association EVA 1974-88.<ref>https://www.uppslagsverket.fi/sv/sok/view-170045-TiivolaMika</ref> | ||
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| + | In the autumn of 1981, Tiivola and [[Max Jakobson]], CEO of the business association EVA, pushed through a decision that EVA would not support any particular candidate in the upcoming presidential election. This line was opposed by a group within EVA who were pushing for the new president to be the Acting Governor of the Bank of Finland, [[Ahti Karjalainen]]. Tiivola and Jakobson's policy was influenced by the overwhelming popular support of prime minister [[Mauno Koivisto]], on the one hand, and Jakobson's information from Minister [[Viktor Vladimirov]] that the [[Soviet Union]] would not interfere in the election of the president.<ref> Jukka Tarkka: Max Jakobson: kylmän sodan diplomaatti, s. 230. Helsinki: Otava, 2010.</ref> | ||
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| + | Tiivola succumbed to rapidly advancing [[pancreatic cancer]] in [[1994]]. | ||
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{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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Latest revision as of 04:15, 2 November 2024
 Mika Tiivola    (financier, businessman) | |||||||||||||||||||||||
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 Tiivola in 1992 | |||||||||||||||||||||||
| Born | 30 November 1922 Helsinki, Finland | ||||||||||||||||||||||
| Died | 13 April 1994 (Age 71) | ||||||||||||||||||||||
| Nationality | Finnish | ||||||||||||||||||||||
| Spouse | Satu Vuoristo | ||||||||||||||||||||||
Attended the 1978 Bilderberg as Union Bank of Finland/CEO and Nokia/Chairman
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Carl Mikael "Mika" Augustinus Tiivola was a Finnish banker and business executive at a time when Finnish banking went from a regulated market to a "casino economy"[1][2] He attended the 1978 Bilderberg meeting.
Education
Tiivola had a master's degree in political science and a bachelor's degree in law.[3] He had earned the rank of active duty officer from the Cadet School in 1943 and had the rank of major in the air force during World War 2.
Career
He was president and CEO of the United Bank of Finland from 1966 to 1970 and as president and CEO from 1970 to 1988[4]. Tiivola was president and CEO of the United Bank, the largest bank in Finland, during the biggest change in banking history in the 1980s, when the financial markets were liberalised and the banking business changed shape as foreign competition swept into Finland. In the 1980s, Tiivola was also chairman of the Board of Nokia Corporation.
During Tiivola's term as president, the bank became the first Finnish bank to conduct actual banking activities in the USA when in April 1985 it acquired its former Associated Bank in New York, United States.[5] in November 1985, the Union Bankbecame the largest bank in Finland when it acquired Helsinki Share Bank and absorbed it.[6]
Tiivola cooperated most intensively with the business leader Casimir Ehrnrooth in the arrangements within the Union Bank's industrial group.[1]
Tiivola had the chairmanship of the business association EVA 1974-88.[7]
In the autumn of 1981, Tiivola and Max Jakobson, CEO of the business association EVA, pushed through a decision that EVA would not support any particular candidate in the upcoming presidential election. This line was opposed by a group within EVA who were pushing for the new president to be the Acting Governor of the Bank of Finland, Ahti Karjalainen. Tiivola and Jakobson's policy was influenced by the overwhelming popular support of prime minister Mauno Koivisto, on the one hand, and Jakobson's information from Minister Viktor Vladimirov that the Soviet Union would not interfere in the election of the president.[8]
Tiivola succumbed to rapidly advancing pancreatic cancer in 1994.
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/1978 | 21 April 1978 | 23 April 1978 | US New Jersey Princeton University | The 26th Bilderberg, held in the US |
References
- ↑ a b https://blf.fi/artikel.php?id=5612
- ↑ https://www.blf.fi/artikel.php?id=5612
- ↑ https://runeberg.org/kuka/1978/0991.html
- ↑ Vesikansa, Jyrki: Tiivola, Mika (1922–1994), Suomen kansallisbiografia, osa 9, s. 805–807. Helsinki: Suomalaisen Kirjallisuuden Seura, 2007. ISBN 978-951-746-450-5
- ↑ Mitä Missä Milloin, Kansalaisen vuosikirja 1986, s. 61. Helsinki: Otava, 1985. ISBN 951-1-08527-1.
- ↑ Mitä Missä Milloin, Kansalaisen vuosikirja 1987, s. 27. Helsinki: Otava, 1986. ISBN 951-1-08999-4.
- ↑ https://www.uppslagsverket.fi/sv/sok/view-170045-TiivolaMika
- ↑ Jukka Tarkka: Max Jakobson: kylmän sodan diplomaatti, s. 230. Helsinki: Otava, 2010.
