Milena Ivanova

Board Member. Bulgarian citizen, born 1975.

Professional and Educational Background

Milena Ivanova is a member of the board of Vostok Emerging Finance. She served as Deputy Head of Equity Research at Renaissance Capital and was the company’s Russia strategist based in Moscow until the end of 2012. She joined Renaissance Capital in early 2008 as the bank’s analyst for Central Asia based in Almaty, and then as Head of Research and Equities for Central Asia. Previously, Milena worked for UniCredit Markets & Investment Banking (CAIB) between 2004-2008. She was an analyst in the equity analysis/Bank Group, responsible for the regional CEE supervision of the financial sector and individual bank shares. She worked as a FIG-banker with CAIB Corporate Finance in Vienna between 2004-2006, specializing in financial institutions in Central and Eastern Europe as well as an advisor to clients regarding banking M&A and IPO matters. Her experience of transactions extends over 8 European emerging markets. Between 1997-2002 Milena had various positions at TMP Worldwide ( in Central and Eastern Europe, where she was also a member of the management committee responsible for business development. Milena holds an MBA from INSEAD, France and a BA in European Business Administration from the University of Lincolnshire and Humberside in the UK.