Boryana Racheva-Iotova is a founder and President of FinAnalytica. Prior to that she co-founded and served as the CEO of Bravo Risk Management Group, the originator of the Cognity product suite marketed by FinAnalytica to-date.
Boryana has over 15 years of experience in building risk management software solutions and translating the latest academic advancements in practical applications to meet the needs of the financial industry practitioners.
She started her professional path in risk management back in 1997 by developing a model for banks’ capital requirement estimation together with the Bulgarian Finance Minister.
In 2000 she led the implementation of a Monte-Carlo based VaR calculation and structured products valuation engine to meet the Basel II Requirements at SGZ Bank, the third-largest cooperative in Germany.
Building on that success, Boryana initiated the development and industry deployment of the Cognity product suite, which remains its flagship solution. Boryana’s leadership in product development has positioned FinAnalytica as an award-winning Product and Innovation leader in the space servicing asset managers with trillions of AUM. She has been serving as the President of the Company since 2008 leading the Research and Product Development, Account Management and Client Support functions. In 2014 Boryana accepted full executive responsibility for the Group.
Boryana’s numerous articles have been published by premier scientific journals. She holds M. Sc. in Probability and Statistics at the Faculty of Mathematics and Informatics, Sofia University, and Doctor of Science degree, magna cum laude from Ludwig Maximilian University of Munich.