Independent Investment Manager Igor Cornelsen

Igor Cornelsen is a Brazilian investment manager with a rich history of working for major financial institutions, and he currently operates his own investment firm, which he has been the head of since 1995. He was born on October 4th, 1947 in Curitiba, Brazil, and studied engineering at the Federal University of Panara in 1965, the only engineering school in the States of Parana at the time, with extremely competitive admissions standards. After two years of studying engineering at that school, he switched his focus to economics, which put him on the successful path that he is still on today.

After graduating in 1970, Igor Cornelsen became employed at an investment bank called Multibanco, thanks to his skill with numbers and calculations. Eventually, he made a name for himself as an investment banker within Multibanco and relocated to Rio, and in 1974, was promoted to Multibanco’s board of directors. In 1976, he became the CEO of the company.

In 1978, Multibanco was acquired by the Bank of America, and Igor Cornelsen moved to Unibanco, a leading Brazilian investment firm. He stayed at that company until 1985, when he became employed with Libra Bank PLC, a London merchant bank and his transition to a new United States-based world of investment. He soon moved with several colleagues to the Standard Chartered Merchant Bank, as Brazil’s representative and a member of the Board of Directors. He remained as a member of the board there until 1995, when he left to form his own firm, which he still runs to this day.

Cornelsen is ambitious and grateful to his education for opening up opportunities to him. He says that he would advise his younger self to rely on news and facts, instead of only fellow people in the market. His favorite place to get this information from is Reuters, which is an independent market analysis site. He states that ideology does not work well with investments. He looks at the markets with a dispassionate angle, following the economy and selling assets in markets that are projected to go downhill, and focuses on following his own mind as opposed to others.

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