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Unitedbankers

Founded 1986 · 178 employees on LinkedIn · Public · 1 known investors

United Bankers is a Finnish wealth management and asset management firm offering funds, including traditional equity and fixed-income funds as well as real-asset funds, and portfolio management services for private and institutional investors. It specializes in forestry investing, positioning itself as one of the largest private forest owners in Finland.

Also known as UB Group · United Bankers · United Bankers Oyj · United Bankers Plc

Investors · 1

Company profile

researched Aug 2026

United Bankers Plc (United Bankers Oyj, "UB") is a Finnish wealth management and investment markets company established in 1986 and headquartered at Aleksanterinkatu 21 A in Helsinki. The group's business segments are wealth management and capital markets services, and in asset management it concentrates on alternative and real-asset investments. Its product range spans traditional equity and fixed-income funds, real-asset funds, limited-partnership private equity funds for professional investors, discretionary and advisory portfolio management, and corporate finance advisory. The group presents itself as a pioneer in forest investing in the Nordics and as the fourth-largest private forest owner in Finland.

The group operates through several regulated subsidiaries, including UB Asset Management Ltd, UB Fund Management Company Ltd, UB Corporate Finance Ltd, UB Nordic Forest Management Ltd, UB Finance Ltd and Fourton Ltd, all supervised by the Finnish Financial Supervisory Authority, and it also distributes through registered tied agents. Fund products include the UB Nordic Forest Funds, which invest in forest properties and pursue stable cash flow and value appreciation independent of listed markets, and the UB Forest Industry Green Growth Fund (UB FIGG), a private equity fund investing in replacements for plastics and other fossil-based materials and in higher-value use of wood and agricultural side streams. UB publishes sustainability material such as a climate roadmap and a whitepaper on integrating biodiversity into forest investment strategies. Clients access services digitally through the OmaUB online service, where investments can be made and portfolios monitored.

United Bankers Plc is majority-owned by its key personnel and its shares trade on Nasdaq Helsinki under the ticker UNITED. John Ojanperä serves as CEO, presenting the group's half-year reviews.

Business model

United Bankers earns revenue from managing client assets and providing capital markets services. Wealth management comprises investment funds (equity, fixed-income and real-asset funds), private equity limited partnership funds for professional investors and portfolio management mandates, while the capital markets segment provides corporate finance advisory on M&A transactions, IPOs and capital raises, including acting as Certified Advisor to companies listed on Nasdaq First North. In 2022 group revenue was EUR 48.6 million with adjusted operating profit of EUR 16.6 million.

Fees tied to assets under management in funds and portfolio management mandates, plus advisory fees from corporate finance services such as M&A, IPO and capital-raising mandates and Certified Advisor duties on Nasdaq First North.

Traction

Assets under management were approximately EUR 4.6 billion as of 30 June 2023, and the H1/2026 half-year report states AUM rose to a record level, supported by two acquisitions. Group revenue was EUR 48.6 million in 2022 with adjusted operating profit of EUR 16.6 million. UB FIGG began operations in January 2023 with over EUR 100 million in investment commitments against a EUR 300 million target. The group employed 163 FTEs and used 31 agents as of 30 June 2023.

Latest developments

The half-year financial report for 1 January–30 June 2026 reported growth accelerated by two acquisitions and assets under management at a record level, with a CEO review by John Ojanperä. Other recent items include a biodiversity-in-forest-investment whitepaper (June 2026), rule changes in funds managed by UB Fund Management Company (March 2026), a megatrends webinar, and an SFR Platinum Award in the Best Challenger category for institutional investor providers (December 2025).

Full profile — market position, technology, go-to-market, geography, history

Market position

Described as one of the oldest independent asset managers and investment companies in Finland, with around 40 years of experience, a leading Nordic manager in real-asset investments, a forerunner in Nordic forest investing and the fourth-largest private forest owner in Finland. UB FIGG became the largest financial investor in packaging materials company Paptic.

Focus on alternative and real-asset investments, particularly forestry and forest-industry strategies, combined with in-house forest management (UB Nordic Forest Management) and sector expertise in pulp, paper and packaging within UB FIGG; funds aim for returns and cash flow less correlated with listed equity markets.

Technology

OmaUB is the group's online customer service, allowing clients to open a customer relationship with bank credentials or mobile certificate, make investments online, monitor portfolio performance and receive reporting electronically.

Go-to-market

Direct distribution through UB's own investment experts and offices, complemented by tied agents registered with the Finnish Financial Supervisory Authority, an online customer service (OmaUB) for account opening and investing, and investor-facing content such as webinars, newsletters, whitepapers and company releases.

Private and institutional investors in Finland and internationally; professional investors for the limited partnership private equity funds such as UB Nordic Forest Funds and UB FIGG; and domestic and international mid-cap companies for corporate finance advisory.

Geography

Headquarters in Helsinki (Aleksanterinkatu 21 A), with Finnish offices in Turku, Tampere, Oulu and Vantaa, and a Swedish branch of UB Asset Management in Stockholm (Birger Jarlsgatan 58). The group runs country-specific websites for Finland, Sweden and other markets and positions itself as a Nordic manager of real-asset investments.

History

United Bankers Plc was established in 1986 and is described as one of the oldest investment companies and independent asset managers in Finland, with roughly 40 years of experience. Its shares are listed on Nasdaq Helsinki, and the company remains majority-owned by its key personnel. In January 2023 the group launched the UB Forest Industry Green Growth Fund, and in the first half of 2026 it completed two acquisitions.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Adjusted operating profitJan 202216,600,000 EUR
AgentsJun 202331 agents
Assets under managementJun 20234,600,000,000 EUR
Employees (FTE)Jun 2023163 employees
Rank among private forest owners in FinlandJan 20264 rank
RevenueJan 202248,600,000 EUR
UB FIGG investment commitmentsJan 2023100,000,000 EUR
UB FIGG target fund sizeJan 2024300,000,000 EUR

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Aug 2026
Two acquisitions completed in H1/2026 as AUM reaches record level

United Bankers' half-year financial report for 1 January–30 June 2026 reported that growth was accelerated by two acquisitions and that assets under management rose to a record level.

source ↗

Dec 2025
SFR Platinum Award – Best Challenger category provider for institutional investors

source ↗

Jan 2024
UB FIGG led second part of EUR 27.5 million investment round in Paptic

UB FIGG led the second closing (EUR 4.5 million, completed at the end of 2023) of Paptic Ltd's two-part EUR 27.5 million growth financing, joined by Emerald Technology Ventures, SIG InnoVentures and EIC Fund, and also bought secondary shares from early-stage investors, becoming Paptic's largest financial investor.

source ↗

Jan 2023
UB FIGG fund starts operations with over EUR 100 million in commitments

UB Forest Industry Green Growth Fund, a private equity fund investing in replacements for plastic and fossil-based materials and higher-value use of wood and agricultural side streams, began operations with over EUR 100 million in investment commitments and a EUR 300 million target size.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Unitedbankers do?
United Bankers is a Nasdaq Helsinki-listed Finnish wealth and asset manager specialising in real-asset and forest investments.
Who are Unitedbankers's investors?
Unitedbankers's investors include Tesi (Finnish Industry Investment Ltd).