Most recently, Petkov spent eight years as CEO and Executive Board Member of Allianz Bulgaria, where he oversaw €5 billion in assets and more than doubled operating profit. Earlier in his career, he held leadership positions at Allianz's global headquarters in Munich, Axxess Capital Private Equity, Kaolin, as well as at Lehman Brothers, PwC and the Bulgarian National Bank.

Petkov brings to AG Capital a combination of board-level perspective, investment expertise and hands-on execution. His track record includes capital raisings, M&A, restructuring and partnership building in complex and competitive environments.

He holds an MBA from the Wharton School at University of Pennsylvania and a bachelor's degree in International Economic Relations from the University of National and World Economy. He is a CFA charter-holder, a Fellow of ACCA, and is fluent in English, German, Italian and Russian.

"I take on the position of CEO at AG Capital with great responsibility and believe that my experience will contribute to the sustainable growth of the group," said Petkov.

AG Capital is a real estate investment group with over €750 million in assets under management. Currently it develops activities and manages projects in Bulgaria, Romania and Poland. Its portfolio includes BLD and Ultima Homes (residential) and Park Lane Developments and Lion's Head Investments (commercial). The group has created partnerships with international institutional investors including Old Mutual, IFC, EBRD, Apollo Global Management and Mitiska REIM.