Igor Cornelsen, a Brazilian investment banker and financial advisor, asked Brazilian banking industry to be creative and cautious in its investments. He says that it is helpful during the financial crisis to reduce the vulnerability to market risks. Cornelsen points out that many Brazilian banks reported significant profits in 2014 and 2015, though the country was going through a financial turmoil. It was contrary to the belief that when the country goes through financial troubles, the banks of the country are also expected to face the heat of the fluctuations. Cornelsen briefs that their market knowledge, cautious and calculated investments, and experience through turbulent years in the past helped the banks to escape from the crisis.
Igor also figured out the fact that Brazilian private sector banks offer their lending to the borrowers who are found to be most credible. It reduces the costs associated with the loans and ensures a higher level of security. He demands to the Brazilian government to strengthen fiscal austerity and market-oriented reforms to make the investors more secure. While people speak about the uncertain climate in Brazil, Igor thinks positive and says that considering the abundance of natural resources and the need for infrastructure to conclude the growing population are making Brazil the most happening market in South America. Also, its reputation as one of the largest food producers in the world is ensuring a promising future.
While coming to investing in Brazil, Igor Cornelsen asks the investors to learn the basics and nuances of the economy. To help the investors, Igor also created a short profile to consider before making any investment decision in Brazilian stocks. China is the largest trading partner of the country, and when the Chinese economy shows strong signals, it can translate into business for Brazilian players and growth for its economy.
Igor Cornelsen has more than three decades of experience in banking industry and worked with all the major banks of Brazil. After retiring from the banking industry, he started providing investment advisory services in commodity, the stock market, and forex to various firms and wealthy investors. Igor currently works with Bahamas-based investment advisory firm called Bainbridge Investments, Inc. http://igorcornelsen.tumblr.com/