BoF appoints Pikkarainen to head operations dept

FINLAND - Mr Pentti Pikkarainen (PhD) has been appointed head of the Bank of Finland's market operations department, effective 1 May 2001.

He will replace Mr Markus Fogelholm, who will become Managing Director of The Finnish Bankers' Association.

Mr Pikkarainen has served as head of the Bank of Finland's economics department since 1 June 1999 and before that, starting in 1994, as head of the monetary policy department.