About Aleksander

Alek leads McKinsey’s work on risk advanced analytics in Europe. He supports clients across a range of risk topics, focusing especially on stress testing, recovery planning, and asset analysis. He maintains a wealth of experience in capital markets, derivatives pricing, and portfolio management from his consultancy work with clients and his earlier career in financial services.

Among Alek’s recent projects are:

  • working with a major UK bank to design an end-to-end stress-testing and capital-planning program
  • supporting a leading Dutch bank with a review of its risk culture and the transformation of its front office and performance management
  • conducting stress-testing reviews and preparing recovery plans for Greek and Cypriot banks, including developing tools for portfolio analysis, redesigning non-performing-loan operations, and implementing crash programs
  • helping to undertake a comprehensive assessment, review of internal modeling architecture, and development of macroeconomic models for Italian and Portuguese banks
  • advising US financial institutions on validation for macroeconomic forecasting and asset-cash flow models, and providing support in comprehensive capital analysis and review stress tests
  • supporting the commercial due diligence of a corporate target, stress testing the business model and profitability

Before joining McKinsey, Alek, who is a member of the US Chartered Financial Analyst Institute, spent ten years in quant and trading roles in the European fixed-income and structured-finance sectors. For his doctorate on finance from the University of Vienna, he studied stochastic volatility in equity derivatives.

Alek is a board member of the Aleksander Foundation, which seeks to promote the development of university education in Bulgaria. He is fluent in Bulgarian, English, German, and Russian, and has conversational ability in Italian.

Published work

P&L forecasting—the new horizon of stress testing, and beyond,” McKinsey & Company, December 2015

Education

University of Vienna
PhD, finance

Central European University, Budapest
MA, financial economics

University of Sofia
BA, economics