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A Look Into The Past

Igor Cornelsen’s opportune decision

Igor Cornelsen is a Brazilian-born entrepreneur who studied at the Federal University of Parana. At first he enrolled at the university to pursue a degree in engineering but later he changed to pursue economics where his interest was. In 1970, he graduated with and immediately started his career as an investment banker.

Within a spur of time, his exemplary performance at the Multibancos comes on the limelight. He would commute daily to Rio where he worked as an investment banker. Eventually, he emerged as the best of the 1970 graduates’ cohort and consequentially he got a promotion to the Multibancos board of directors in 1974. Within two years, he became the chief executive of the banker.

In 1978 when the Bank of America acquired Multibanco,he left Multibanco where he landed a job in Unibanco. He worked until 1985 when he got a job at Libra Bank PLC. His new job was quite challenging because he received payments in U.S dollars. However, it availed a wide range of investment opportunities. Soon he started representing his native Brazil on the board of directors at the Standard Chartered Merchant Bank. He worked for on the board for seven years where he made his name as a result of intuitive and extensive knowledge in the field.

Currently, he works as an investment advisor. According to Igor Cornelsen, his work day starts at dawn in Sao Paulo. Then, he looks global news to study economies of companies to adapt his fund portfolio accordingly. Sometimes he attends meetings along with his friends to know their opinions. Once he has considered the economies of different countries, he invests assets in the countries whose economy is improving and sell assets on nations whose economy is deteriorating.

As an entrepreneur, he obtains direct information from Reuters. He believes that information from the analysis made by other investors may be biased. This practice has made him more productive in the investment industry. Igor Cornelsen reported that in 2007 he made a critical mistake as an entrepreneur when he closed all the positions in commodities rather than selling shares he had.

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