Инвестиционни идеи 2024. Глобален Бюлетин ->

Chairman of the board
Chief Executive Officer
Board Member and Chief Investment Strategist
Inv. Commitee: PMs & Analysts
Head of IT
IT Team
Chief Operations Officer
Ops & Fund Admin Team
Chief Risk Officer
Head of Compliance
Legal & Compl. Team
Head of Sales & Marketing
Sales, Mktg., Digital, B. Dev. Team


Board members

Stanimir Karolev

Chairman of the board

Mr. Stanimir Karolev is founder and Chairman of the Board of Directors of Karoll Capital Management and Karoll Financial Group.

Since 1993,he has pioneered brokerage services, alternative investment and asset management in Bulgaria.

Currently he navigates Emerging Europe expansion.

The founder of Karoll has been forging the principles, processes, and visions of the Group companies in line with the highest professional standards.

In the course of 10 years he has been committed to boosting financial education and scientific research and in 2018 founded Karoll Knowledge Foundation.

Daniel Ganev, MBA

Chief Executive Officer

Daniel Ganev is CEO at Karoll Capital Management. He oversees the administrative duties of the firm, overall business strategy and product development. He is responsible for the firm’s strategic partnerships with international institutions in Europe, America and Asia. Daniel serves as a Board member at the Bulgarian Association of Asset Management Companies (BAAMC), where he chairs the International Relations Committee.

In 2003 Daniel pioneered the first local equity fund – Advance Invest MF, and became its Portfolio Manager. Before this project, he worked as a Capital Markets Analyst. Daniel received professional training in the USA at Merrill Lynch, SG Cowen New York, Sony Electronics, and then served in the army. He holds a Bachelor's degree in Business Administration from William Paterson University, USA and an MBA from Cambridge University, U.K. He is also licensed as an Investment Consultant by the FSA.

Konstantin Prodanov

Board Member and Chief Investment Strategist

Konstantin joined Karoll's team in 2019 as Chief Investment Strategist.  He has more than 19 yrs of experience in trading, multi-asset portfolio management and research in the Global, Asian and Emerging Europe markets; In Karoll Capital he is responsible for Emerging Europe institutional mandates and UCITS funds; Previous employers include Goldman Sachs, UBS, Allianz, Dresdner Kleinwort Wasserstein.

Konstantin has BA/MA in International Law from Sofia University and MA in International Economics from the International University of Japan. He is fluent in English and Russian, working knowledge of French and Japanese.

Investment team

Georgi Georgiev

Portfolio Manager

Georgi Georgiev is a Portfolio Manager at Karoll Capital with responsibilities mainly for the Managed Accounts services, focusing on the global capital markets and covering various asset classes, geographies and sectors.

He has been a member of Karoll Capital’s team since 2008. He started as a research analyst with focus on the East European stock markets (specifically Russia, Romania, Croatia and Bulgaria), helping private clients invest in the region. In 2012 Georgi took over as Portfolio Manager of Advance Invest - the first local mutual fund, investing in Bulgarian and Romanian equities.

Georgi began his career in finance at Alfa Finance Holding and Bulbrokers. He also gained experience at the controlling department of Kraft Foods Co. headquarters in the USA.

Georgi has a Master’s degree in Finance from the University of National and World Economy. He also holds an Investment Consultant license by the Financial Supervision Committee (FSC).

Simeon Keranov

Portfolio Manager

Simeon Keranov joined the team in 2018 as a Research Analyst, supporting the portfolio management of Advance Global Trends mutual fund by analyzing public companies, studying sectors and regions and examining the macroeconomic environment. In April 2020 he became a Portfolio manager and currently his responsibilities include managing individual portfolios and the UCITS Advance Global Trends mutual fund.

Prior to Karoll Capital, Simeon worked as a financial analyst at one of the biggest leasing companies. His main responsibilities included business analysis of sectors and companies, financial statement analysis, forecast preparation. Moreover, he participated in various innovative projects, winning 3 awards for his achievements as a team member such as “the most innovative personality”. He also has more than 3 years of experience as an accountant.

Simeon holds a Bachelor’s degree in Accounting from the University of National and World Economy, Sofia and a Master’s degree in Finance from Tilburg University, Netherlands.

Ivan Angelov

Chief Risk Officer

Ivan Angelov is the Chief Risk Officer at Karoll Capital Management. He acts independently from the portfolio managers, and is responsible for the monitoring and management of the overall risk policies for the organization.

Ivan has more than five years of experience as an investment banker leading the processes of financial and investment modeling, and analysis for local and international clients.

Ivan holds a Bachelor’s degree in in Finance and a Master’s degree in Financial Management from the University of National and World Economics (UNWE), and has passed all three CFA Program exams.

Emil Yanchev, CFA

Portfolio Manager

Emil Yanchev is a Portfolio Manager of the Advance Emerging Europe Opportunities UCITS fund. He is with Karoll Capital Management since 2017. His main responsibilities include development of the fund’s strategy, implementation of tactical and strategic decisions as well as performing equity research and analysis. Prior to this Emil worked as an Equity Research Analyst with the company, covering CEE equities from all sectors with focus on Poland, the Czech Republic, Hungary and the Baltics. He was also a key participant in the stock selection for the company’s funds. He holds a Bachelor's degree in Business Administration from Sofia University "St. Kliment Ohridski" and is a CFA charterholder.

Georgi Raykov

Portfolio Manager

Georgi Raykov is a Portfolio Manager of the UCITS Advance Eastern Europe. He joined the team in 2015 after successfully completing the summer internship program at Karoll Corporate University. His research focus is on the Eastern European equity markets, more specifically: Russia, Ukraine and the Balkan countries - Romania, Croatia, Bulgaria and Serbia.

He also closely follows the commodity markets as these trends are significant for the developments in the regional countries. Among his highlighted sectors are: energy, materials, consumer retail, industrials and technology.

Prior to joining the firm Georgi gained experience as a manager in the hospitality industry at Albena Sea Resort.

Georgi holds a Bachelor’s degree in International Economic Relations and a Master’s degree in Financial Management from the University of National and World Economics (UNWE) - Sofia.


Bistra Koceva


Bistra Kotseva is the Procusist at Karoll Karoll Capital Management. She runs the process of business development and in-house production of marketing materials and sales aids. Bistra is also in charge of all presentations and road shows to institutional, corporate and private clients. She joined Karoll in 1997 as one of the first team members who are still with the company. Since 2006 her focus has been the local institutional investors including private pension funds and insurance companies.

Bistra Kotseva is a graduate from the University of National and World Economics – Sofia, and holds a Master’s Degree in Accounting and Control.

Stoyka Koritarova

Chief Operations Officer

Stoyka Koritarova is the Chief Operations Officer, responsible for the administration of the various business. processes at Karoll Capital Management. She joined the firm in 2004 – shortly after it was established - as a Chief Accountant, overseeing the asset management company’s and funds’ accounting, financial statements preparation and reporting.

Prior to joining Karoll Capital, Stoyka worked at one of the top accounting firms in Sofia. She also obtained more than 3 years of experience as an accountant at a major commercial company.

Stoyka has a Master’s degree in Accounting and Control from the University of National and World Economy (UNWE), Sofia.

Reni Pelova

Head of Compliance

Reni Pelova joined the company's team in May 2021. She held the position of "Regulatory Compliance" employee, and later became Head of the Department. He has over 5 years of experience in the financial sector.
She graduated with a master's degree in "European Public Administration" at Sofia University "St. Kliment Ohridski", Sofia.


Kristina Doncheva

Head of Sales & Marketing

Kristina Doncheva is the Head of Sales & Marketing at Karoll Capital Management. She has been a memember of Karoll’s team since 2007. Her responsibilities include organizing the work of the department, managing relations with corporate and private clients, as well as organizing trainings and client events.

Today, Kristina feels extremely fortunate to have a career where she is continuously learning about investing and sharing her knowledge with a group of extraordinary people, Karoll’s clients.

Kristina holds a Bachelor's degree in International Tourism from the University of National and World Economy, Sofia, Bulgaria  and a Master's degree in Small & Medium Business Management from the University of Rey Juan Carlos, Madrid, Spain.

Peter Ketenev

Head of IT

Peter Ketenev is the Head of IT department at Karoll Capital Management. He is responsible for the secure and effective operation of all computer systems, related applications, databases, hardware and software. He implements and manages security and backup procedures, and guides a team of in-house and external programmers, analysts and support specialists based on project requirements.

Peter was one of the first people to join the Karoll Financial Group more than 20 years ago straight out of college. Since then he has progressed through various functions and departments within the group, climbing up the ladder while developing key tech skills.

Peter holds a Master’s degree in Finance from the University of National and World Economy (UNWE), Sofia.

Kameliya Stoyanova

Head of Legal

She joined the team in early 2018. Prior to this she worked at Karoll Group as a legal advisor to Karoll Finance Ltd., a service company of Advance Terrafund REIT.

Kameliya has completed an internship at the Sofia District Court during the period 2011 to 2012, on a joint program with the Fulbright Commission. Earlier she was a trainee at the legal department of Raiffeisenbank Bulgaria. She has also worked at the office of one of the top private judicial executors in Sofia.

Kameliya graduated with a Master’s degree in Law from Sofia University St. Kliment Ohridski in 2012. In 2013 she successfully passed the exam for joining the Sofia Bar to become attorney of law. She holds a diploma for an English Law course organized by the University of Cambridge and Sofia University.

Desislava Dimitrova

Client Service Specialist

Desislava Dimitrova is a Client Service Specialist at Karoll Capital Management since 2018. She is responsible for managing private client accounts, maintaining regular communication and documents exchange with focus on Karoll’s savings plan for retail investors.

Desislava has more than 8 years of experience in sales and customer relationship management. She graduated from Southwest University "Neofit Rilski" with a degree in Applied Linguistics with English and Greek.

Stoyka Papratilova

Front and Back Office Specialist

Stoika Papratilova is Front and Back Office Specialist at Karoll Capital Management since 2015. Prior to this she worked as a Front Office Expert at Karoll Brokerage since 2011. She has more than 15 years of experience in the field of back office and operations obtained at different brokerage firms.

Stoika holds a Master’s degree in Accounting with Minor in Financial Analysis from Plovdiv University “Paisyi Hilendarski”. She also has a brokerage license issued by the Financial Supervision Commission in 2006.

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