Igor Cornelsen: The Investment Guru

Igor Cornelsen was born on October 4, 1947, in Curitiba, Brazil. He wanted to pursue engineering and the Federal University of Parana was the only school offering the course making admission a hard task but he made the cut, after two years of pursuing engineering, he decided his calling was in economics and thus changed his course to economics in the same university. He graduated first in his class in 1970 and got a job in an investment bank. His skills in calculating compound interest rates were valuable to any bank considering computers and calculators were not in use by then.

His skills gained his ladder to greener pastures in Multibanco where he joined the board of directors and two years later in 1976 he became the CEO of the company. In 1978, Multibanco was absorbed by the Bank of America and Igor Cornelsen had to go in search of worked elsewhere. The first opportunity that presented itself was at Brazil’s leading investments firms, Unibanco. In 1985, the rates of inflation were exploding ending his journey at Unibanco.

It was then that his career took a better turn as he landed a job at Libra Bank PLC, a London Investment Bank. After a period working there, he moved his colleagues to Standard Merchant Bank as a member of the board of directors and a representative in Brazil. There he worked for a period of 7 years until he decided to leave and start his own investment company. It was then that he started Bainbridge Investment firm which offers investment consulting services. He says that his business excelled because he discovered that assets depreciate before anyone else.

Igor Cornelsen’s favorite quote is ‘’I try not to be influenced by other analysts or teachers or anything of the sort. I think it is better to form my opinion based on facts than on opinions.” After his retirement he settled down in Florida, United States but he visits Brazil regularly. He also keeps in touch with Bainbridge and helps in the daily activities like foreign exchange and commodity exchange.

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