The Former investment Banker in Rio, Igor Cornelsen was born in 1947 in Brazil. In 1965, at the age of 18, he attended the Federal University of Parana for an engineering degree. Despite having managed to be selected in the competitive slots to the only university offering engineering in Santa Catarina and Parana, he transferred to the economics class after two years. Igor graduated in 1970 and landed a prestigious job as an investment banker in Rio.
Two years into working with the investment bank he was upgraded to a member of the board of directors in Multibanco and later a CEO in 1976. The Bank of America later acquired Multibanco, and that was the beginning of his new journey. He was contracted by Unibanco, one of Brazil’s major investment banks. In 1985, when the inflation rate rose to high levels in Brazil, he moved to work with one of London merchant banks called the Libra Bank PLC and would then on get paid in dollars.
Igor Cornelsen’s opportunities in the investment industry opened and together with his partners in Libra, they moved to Standard Chartered Merchant Bank, and he was made one of the board members and an ambassador based in Brazil. Seven years later he felt he had offered enough of his expertise and in return had gained a lot of experience to start and run his investment firm. He founded a company delivering services equivalent to those of the London Merchant bank and has held on the role of the managing director and contributes to managing his investment fund every day.
While nobody agreed with him, Igor once sold all his assets because he thought the new economic scheme that the government was working on would destroy the economy. He admits that as much as there are people who support him, most times they are against his decisions, but he keeps going forward with them. He was the only person who bet on Russia getting back on their feet and make an agreement with its creditors, and unlike all other analysts who bet against it, he was well rewarded.