Igor Cornelsen is an Investment Advisor. Born in Brazil in 1947, Igor initially wanted to be an engineer. He attended the prestigious engineering school at the Federal University of Panama. After two years of studying engineering, Cornelsen decided to change his path and began to study economics instead of engineering. He studied economics at the Federal University of Panama and graduated in 1970.
After graduating, Cornelsen was hired by an investment bank. His engineering background gave him an advantage, allowing him to calculate interest rates with ease.
Igor Cornelsen decided to pursue new opportunities and moved to Rio, where he began working at Multibanco. In 1974, he was put on Multibanco’s board of directors. Two years later, in 1976, he became the CEO of Multibanco.
In 1978, Multibanco was acquired by Bank of America, and Cornelsen left. He was hired by Unibanco, one of Brazil’s premier investment firms. Cornelsen stayed at Unibanco until 1985. In 1985, Igor left Unibanco to work for a London Merchant Bank called Libra Bank PLC.
Once he began working for Libra Bank PLC, Cornelsen began receiving his salary in US dollars. This allowed him to further diversify his investments. In 1988, Cornelsen moved to Standard Chartered Merchant Bank and became a member of the board of directors. His time at Standard Chartered Merchant Bank was filled with success, and in 1995, he left to form his own investment firm, which he continues to work at to this day.
Igor Cornelsen has advice for potential investors. He tends to get his news from Reuters. He says this allows him to get news straight from the source without wasting his time reading analysis provided by other investors. He notes that this analysis is often misleading. Cornelsen’s key to investing is to pay attention to information, not analytics.