Senior Management


Boryana Racheva-Iotova  

Boryana Racheva-Iotova

Boryana Racheva-Iotova is a founder and President of FinAnalytica. She leads FinAnalytica's R&D team and product development of the Cognity risk analytics platform. She was co-founder and CEO of the Bravo Risk Management Group and the originator of the Cognity product suite, which was later acquired by FinAnalytica. Her many articles have appeared in premier scientific journals. She has over 10 years of experience in building risk management software solutions and utilizing the latest analytical advancements to meet the needs of financial industry practitioners. She holds M. Sci. in Probability and Statistics at the Faculty of Mathematics and Informatics, Sofia University, and Doctor of Science degree from LMU Munich.

 Zari Rachev     Zari Rachev
Chief Scientist

Svetlozar "Zari" Rachev was a co-founder and President of Bravo Risk Management Group, the originator of the Cognity risk analytics methodology, which was acquired by FinAnalytica. Rachev is the Frey Family Foundation Chair-Professor in Department of Applied Mathematics & Statistics, Stony Brook University. He is one of the world foremost authorities in the application of heavy-tailed distributions in finance, author of 14 books and over 300 published articles on finance, econometrics, probability, statistics and actuarial science. He holds a PhD (1979) and Doctor of Science (1986) from Moscow University and the Russian Academy of Sciences, under the supervision of A. Kolmogorov, Yu. Prohorov and Nobel Prize for Economics winner L. Kantorovich. Rachev's scientific work lies at the core of Cognity's newer and more accurate methodologies in risk management software and portfolio analysis.

Hank Lamour

Hank Lamour
Global Head of Sales

Hank Lamour brings over 20 years of experience in financial services management and IT sales to FinAnalytica. Hank holds an MBA in Finance with a concentration in Capital Markets from Fordham University in NYC and a BA from Creighton University in Omaha. He earned the FINRA Series 7 and 63 licenses and has sold securities, data and software systems to buyside and sell side clients covering a range of technical disciplines from enterprise data management through to high end quantitative analytics for risk management software and portfolio optimization. Joing FinAnalytica from Cadis Software, Hank worked previously at Smith Barney, Clayton Brown, JJ Kenny, Cantor Fitzgerald, Merrill Lynch, SS&C, PerTrac.

Margarita Zhivkova  

Margarita Shoyleva

Margarita joined FinAnalytica as Financial Controller in 2009 and shortly after that became instrumental in all investor relations with different stakeholders and reporting demands in multiple jurisdictions. In addition to her core responsibilities comprising financial budgeting, reporting and execution monitoring, management accounting and IFRS and US GAAP compliance, Margarita also manages all annual independent valuations of the Company and is responsible for FinAnalytica’s financial auditor relationships and process management. She holds Bachelor’s degree in Business Administration and Master’s degree in Accounting and is a CFA charterholder.

Ivan Mitov    Ivan Mitov
Head of Quantitative Research

Ivan Mitov is Head of Quantitative Research at FinAnalytica and has been working for FinAnalytica for the past ten years doing research and implementation of heavy tailed distributions in the field of financial risk management. Currently he is leading the team which is responsible for the integration, risk analysis and stress testing of complex derivatives portfolios. Previously, he worked on the research, design and implementation of the market risk module and many of the internal financial instruments calculators in Cognity. He was a junior quantitative analyst at Bravo Risk Management Group - the originator of Cognity, which was later acquired by FinAnalytica.  Before joining Bravo Risk Management Group, Ivan worked at the Metalife, a bioinformatics company, doing research in the area of genetic algorithms and protein-protein interactions. Ivan completed his Ph.D. thesis in Probability and Statistics at the Sofia University considering heavy-tailed models and an application to the approximation of extreme operational losses. He also holds the M.S. degree in Mathematical Modeling in Economics and Finance from Sofia University and B.S. degree in Applied Mathematics from Sofia University.
 Georgi Mitov   Georgi Mitov
Head of Quant Product Development

Georgi Mitov leads the Quantitative Product Development at FinAnalytica and manages the team responsible for the implementation and testing of the Cognity quantitative models. Georgi has been with Finanalytica since its origination and has worked on variety of projects including Derivative Pricing, fat-tailed Monte Carlo scenarios generation, and Market and Credit risk modeling. Before joining FinAnalytica, Georgi worked at the Metalife, a bioinformatics company, doing research in the area of genetic algorithms and protein-protein interactions. Georgi has a Ph.D. in Probability and Statistics from the Bulgarian Academy of Science. He also holds the M.S. degree in Mathematical Modeling in Economics and Finance from Sofia University and B.S. degree in Applied Mathematics from Sofia University.
Stefan Minchev 


Stefan Minchev
Head of Software Development and Technical Services

Stefan Minchev joined FinAnalytica in 2005, and oversees technology, product design, software development and quality assurance.  Prior to FinAnalytica, he worked as a lead developer in startup social networking platform company, designing and implementing the client/server infrastructure. Stefan is a Certified Financial Risk Manager and holds a B.S in Information Technology from the Technical University of Sofia and a Masters degree in Total Quality and Management Excellence from the New Bulgarian University.

Ivan Vratzov   Ivan Vratzov
Lead Product Development

Ivan Vratzov is Product Development Lead managing Business Analysis and providing senior supervision on product development and design of Cognity’s risk management and optimization platform. He is also engaged in senior-level account management and post-sales support to customers including fund of funds, endowments and asset managers. Ivan holds a B.Sc. and M.Sc. degree in Banking and Finance from RWTH University in Aachen, Germany as well as B.Sc. degree in Insurance Business from the University of National and World Economy in Sofia, Bulgaria, and has attended a program in Quantitative Finance at Maastricht University in Maastricht, The Netherlands.
Kristina Bratanova-Cvetanova      

Kristina Bratanova-Cvetanova
Head of Global Account Management

Kristina Bratanova-Cvetanova contributes to FinAnalytica's growth since 2007 and oversees all customer accounts globally. Before joining FinAnalytica, she was an Analyst in the Bulgarian Financial Supervision Commission, responsible for annual and quarterly reports for capital markets, insurance markets and supplementary pension insurance markets. For the past 8 years Kristina has been an assistant at the Faculty of Economics and Business Administration at Sofia University assisting with instruction in Game Theory, Quantitative Methods for Economic Analysis and Math in Economics. She holds Bachelor’s degree in Economics and Master’s degree in Finance and Banking from Sofia University and is a CFA charterholder.

 Elena Stoyanova  

Elena Stoyanova
Head of Client Solutions and Integrations, Americas

Elena has 10 years experience in the financial services industry assuming various roles within the risk analytics function of leading banks and asset management companies in Eastern Europe. Prior to joining FinAnalytica, Elena was Head of Risk at DSK Asset Management where she was in charge of the risk management of all mutual funds managed by the company. Formerly, she specialized as market risk analyst for the Treasury function at DSK Bank. Elena holds а BS in Economics from Sofia University.