Our team is our main asset that adds value to your investments. We believe that the researches and analyses, performed by our portfolio managers and investment consultants, are the most effective ways to discover and utilize attractive investment opportunities. The investment decision are discussed and taken by an investment committee.


Nikolay Kostov - Chairman of the Board of Directors and CEO

Nikolay Kostov has been CEO of FFBH Asset Management since March 2004. Nikolay is master in Accounting and Control from the University of National and World Economy (UNWE), Sofia. His previous experience includes brokerage positions in CIBANK AD, including head broker in the 2000-2004 period.

Nadejda Dafinkicheva - Deputy Chairman of the Board of Directors

Nadejda Dafinkicheva joined FFBH Asset Management team in April 2004. Nadejda holds master’s degree in International Business from the University of National and World Economy, Sofia. She has investment adviser license by the FSC. Nadejda has specialized investment management in CzechFinancialAcademy, Prague. Presently, Nadejda is a Manager of First Financial Brokerage House.

Martin Dimitrov, CFA, Member of Board of Directors

Martin Dimitrov joined the FFBH Asset Management's Board of Directors in 2017. Martin also holds the position of Director Corporate Finance in First Financial Brokerage House. Previous experience include 6 years as portfolio manager and 2 years as equity research analyst. Martin has master’s degree in Finance and Banking from Sofia University “St. Kliment Ohridski”, Sofia and investment consultant license by the Financial Supervision Commission. Martin is a Certified Financial Analyst CFA.
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Dimiter Koutelov - Portfolio Manager

Dimiter Koutelov has been a portfolio manager in FFBH Asset Management since August 2018. Before joining the team, he worked as chief dealer at Allianz Bank Bulgaria, Head of Treasury Sales at Piraeus Bank Bulgaria, Head of Treasury at CIBANK AD. Dimiter holds a Master of International Business and Management from the University for National and World Economy, Sofia and is also an investment consultant and securities broker licensed by the FSC.

Stoyko Radiev- Risk manager

Stoyko Radiev has been risk manager of FFBH Asset Management since January 2018. Prior to joining FFBH Stoyko has obtained a BSc degree in International Business Administration and a MSc degree in Finance and Investments at Erasmus University Rotterdam.

Desislava Chuhovska-Dimitrova – Head of Internal Control

Desislava Chuhovska has been head of internal control department in FFBH Asset Management since May 2006. Desislava is LL.M. graduate from Veliko Tarnovo University “St. Cyril and St. Methodius”. Since 2005 Desislava has been a legal advisor of First Financial Brokerage House.

Lubomir Yankov – Head accountant

Lubomir Yankov has been head accountant of FFBH Asset Management since July 2007. Lubomir holds master’s degree in Accounting and Control from the University of National and World Economy, Sofia. Since Sep 2002 he has been investors’ relations officer in IC Nadejda and deputy-chairman of Bulgarian Investor Relations Society.

Galina Konachka - Back Office specialist

Galina Konachka has been employed in FFBH Asset Management Back Office since November 2007. Galina holds master’s in economics from Tsenov Academy of Economics, Svishtov, Bulgaria. Between 2000 and 2008 Galina has worked as an expert in the field of general insurance.