Sol Nessebar Bay & Mare
Sol Nessebar Palace
Melia Grand Hermitage
Iberostar Sunny Beach Resort
Sol Luna Bay Resort
The Company  
Corporate Governance  
Registered Office  

Henning Krippendorff, Director
Dr George Veltchev, Co-Founder and Director
Vesselin Danev, Co-Founder and Director

Henning Krippendorff,

After various positions within the German hotel group Steigenberger Hotels in Germany, Austria and Turkey, Henning remained in Turkey as the General Manager for the resort hotels. He joined the resort chain Paradise Hotels and Club Aldiana (Paradiana) with a focus on pre-opening, operational start-up and resort management. For Paradiana Henning was transferred to Thailand (HuaHin) in 1993 as General Manager. He was on a similar position from 1995 to 1996 in Tunisia, and then transferred to Egypt. Until 1998 he was building the regional organisation (office in Cairo) during the construction and pre-opening of new resorts of Paradiana in Hurghada (Safaga) and Sharm El Sheikh. Upon integrating Paradise Hotels International Management into the Spanish Iberostar Hotels and Resorts, Henning took over position as Director of Operations for Iberostar's new management contracted hotels in Tunisia and Greece, whilst being based in Palma de Mallorca, the group head office. After leading the above-mentioned countries' operations into autonomous regional management, Henning followed the recent expansion of Iberostar in Bulgaria, Turkey and Croatia. Henning managed a group of international corporate executives within Eastern Europe, supervising and leading project management, pre-opening and operations. In May 2004, Henning started a consulting and management company, coaching newly branded Valamar Hotels and Resorts. This engagement converted 2005 to an overall hospitality management service and project development platform, with an office based in Zagreb, Croatia. After accepting the position of Director of Sigma Capital Investments S.A., he is now transitioning his consulting responsibilities to a local team in Zagreb. Henning holds a diploma for hotel business & administration of the German Chamber of Commerce (1985).

Dr George Veltchev
Co-Founder and Director

George is a serial entrepreneur since 1993 – at the outset of his career in 1990, he worked for two Austrian trading companies to support financially his family and his studies at the Vienna University of Economics. From 1993 onwards, he established and ran several private companies in Austria, Singapore, Cyprus, and the USA, and his business experience spanned from trade in electronics, private equity investments and hotel management to real estate investments, fixed income trading and equity derivatives structuring and marketing. In 2000, he joined Morgan Stanley in London where he was responsible for the equity derivatives and structured product sales to the clients of the Private Wealth Management division. He resigned from Morgan Stanley to establish Sigma Capital. George has a MSc (Economics, 1995) and PhD (Finance and Fiscal Law, 1999) from the Vienna University of Economics and MBA degrees from INSEAD (1997) and Harvard Business School (2000).

Vesselin Danev,
Co-Founder and Director

Vesselin started his career in 1992 with the law firm of Covington & Burling in Washington, DC, where he concentrated on M&A and Federal Securities Law. Between 1994 and 1995 he was with TS Bank in Sofia where he became the Director for FX Operations and Treasury. After an engagement in the Financial Institutions Group at Moody’s, Vesselin joined Morgan Stanley in London in 1997 where he was most recently the Executive Director in charge of the Russian and Eastern European ultra-high net worth business. Together with George, he set up Sigma Capital in 2002. Vesselin holds a Diploma in Law from the University of Sofia (1991), LL.M. from the Yale Law School (1992), and an MBA from the Stanford Graduate School of Business (1997). Vesselin was admitted to the New York Bar in 1992.

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