“big conflict between markets and planning that became the big thing in the late 70s”.
But then came a “kind of Mario Puzo thing . . . an offer which you couldn’t refuse” and an abrupt career shift. The chairman of Union Bank of Finland offered him a junior board seat. “That’s luck again,” Mr Wahlroos says. “I got into banking in 1985 when we are deregulating all the financial markets and as a consequence, of course, I had a marvellous time.”