The Storied Career of Igor Cornelsen
Igor Cornelsen, an influential and successful Brazilian investor, started his career in an unlikely way—at age 18, he went to study at Federal University of Parana in engineering. He would make the switch to economics two years later, though his initial schooling would give him an advantage over other investors; engineers during the time had the ability to calculate compound interest rates, a skill that was valuable when computers and calculators were not widespread.
Perhaps it is this background that makes him such a savvy investor. Igor’s ability to predict trends and act on those predictions before others in the market helped him to rise wherever his career took him. After receiving his degree in 1970, he worked as an investment banker, during which time his prowess allowed him to work in Rio. There, he would go on to become the best in his class and receive a promotion to the board of directors at Multibanco. Two years later, in 1976, Igor became the CEO of Multibanco.
When Bank of America acquired Multibanco two years later, Igor Cornelsen left to pursue his own goals. He worked at Unibanco, one of Brazil’s top investment firms, until 1985 when interest rates skyrocketed in the country. Cornelsen would go on to work for Libra Bank PLC, a subsidiary of London Merchant Bank. His spot there marked a turning point for Igor; it was the first time he would be paid in U.S. Dollars. This change opened new investment opportunities for Igor, allowing him to put his skills to fuller use.
Igor would eventually move on again, this time as a member of the board of directors for Standard Chartered Merchant Bank, where he would act as representative to his home country of Brazil. He worked there for seven years before forming his own investment firm in 1995. He still spends his days as an investment manager. Igor Cornelsen continues to track political and economic environments to discover the depreciation of assets before his colleagues. He stands by his strategy of fact- and information-based decision making when it comes to investing.