Igor Cornelsen is a Brazilian investment banker everyone should know. Despite studying economics during university, Cornelsen made a fateful switch to economics that has shaped the lives of all that know him. Utilizing his skills as an engineer, he received a promotion to the board of directors of Multibanco in 1974. Which enviably saw his ascension to CEO two years later in 1976. Two years late, Igor Cornelsen found himself at a crossroads after Bank of America acquired Multibanco.
Cornelsen saw this as an opportunity and quickly joined Unibanco, one of the top investment firms in Brazil. After a decade with Unibanco, the Brazilian inflation rate exploded. Sensing the negative consequences from this Cornelson joined Libra Bank PLC, a London Merchant Bank. This was a turning point in his career. With his salary now paid in US dollar, new investment opportunities began materializing quicker than he could have imagined. Soon Corelneson joined the Standard Chartered Merchant Bank, as a member of the board of directors and a representative of the bank in Brazil. In 1995, after seven years as a hugely successful and productive member of the board, he left to found his investment firm. This firm provides the same services he was providing for the London merchant banks.
To this day Cornelson continues to follow international news closely. In a recent interview, Cornelson said he spends a large portion of his day studying economies and companies and adapting the portfolio of my fund accordingly. He also firmly believes that Reuters is the best news source for investors. They provide “no bias, and deliver good information” that provides a roadmap for investors in today’s turbulent world. Cornelson believes the key to successful investing is to read a lot of information from around the world and understand how news will affect the markets.