Svetlozar Rachev is Professor in the Department of Applied Mathematics at Stony Brook
University in New York. In addition, he will hold the title of Frey Family Foundation Professor in Quantitative Finance. He works in the field of mathematical finance probability theory and statistics, and is one of the world’s foremost authorities in the application of heavy-tailed (larger
probability of getting very large values) distributions in finance. He created an algorithm that is a statistically highly accurate risk analytics methodology to model and measure financial risks. He was a co-founder and President of Bravo Risk Management Group, originator of the Cognity methodology, acquired by FinAnalytica. In addition to his Chair-Professorship at Karlsruhe Institute of Technology, he is Professor Emeritus at the University of California, Santa Barbara in the Department of Statistics and Applied Probability. Rachev is the author of 14 books and over 300 published articles on finance, econometrics, probability, statistics and actuarial science.