Category Archives: Banking

Igor Cornelsen Has Established The Foundation Of Proper Investment Techniques

Published / by TheHI

Igor Cornelsen has committed a great portion of his life going to various schools which allowed him to become highly skilled in investment strategies and portfolio management methods. Those skills landed Igor with an opportunity at one of Brazil’s top banks. Not long after accepting his first job, Igor made his way up the corporate ladder to hold an executive position. After holding many high job titles at different top bank branches, Mr. Cornelsen stepped away from the banking industry and dedicated his time to investing as his main career. He discovered shortly after entering the investment industry he had a talent for seeing a high-profit investment. Follow Igor Cornelsen on Twitter

Shortly after Igor Cornelsen changed career paths, Igor founded Bainbridge Investments Inc., which is located in the Bahamas. The concept behind Igor’s company is simple, to help investors plan long-term investments and to acquire knowledge of the investing industry. Mr. Cornelsen uses the term safe harbors often when speaking about long-term investing, which essentially means safe investing. When investing, it is very important to know the market and how it works, the ins and outs of the country as well as the restrictions and requirements that are made in that area. Read this article at affiliatedork.com about Igor Cornelsen

All the knowledge, experience, and well-established relationships that Igor Cornelsen has built during his long career will continue to grow and keep him investing for many years to come despite his retirement. When the stock market crashed it was Igor’s knowledge and his experience that led all entrusted investments including his own to remain secure. Even after the stock market collapsed, Igor continued investing for many years until he semi-retired in 2010. Now Mr. Cornelsen uses his leisure time for his second love, which is golf. When he isn’t discovering a new course or playing on of his favorite fairways in either Florida or Brazil, Igor is managing his investment company Bainbridge Inc and acting as a consult for Bainbridge.

More info at https://igorcornelsen.tumblr.com/

 

Two old men who have been driving Brazilian technology

Published / by TheHI

It is often said that there are few really great tech innovators under the age of 50. But in the Brazilian banking sector, two of the largest proponents of new technology have been the leaders of Brazilian banking giant Bradesco, both of whom are well over the age of 60.

Lazaro Brandao, who recently announced his departure as chairman of the Bradesco board of directors, is 91 years old. As chairman, he has long been a staunch advocate of integrating technology to the greatest extent possible into the firm’s banking products. In fact, as CEO from 1981 to 1999, he was among the first business leaders in Brazil to start focusing on creating online platforms, where customers could do much of the same types of banking tasks that previously would have required them to drive to a branch.https://banco.bradesco/html/prime/sobre/nossa-historia.shtm

Brandao has stated that one of the most important challenges the bank will face, going forward, is the nearly 13 million of its customers who the inveterate chairman describes as technologically illiterate. But far from throwing up his hands in despair, the venerable banker believes that it is Bradesco’s duty as a good corporate citizen to embrace the challenge and teach these customers enough about technology that they can interact with the bank’s online platforms. Brandao doesn’t view this is merely a good business decision. He says that it is important for Bradesco to act as a leader in the development of both the economic and human capital of the country, a role that he has embraced since first taking executive roles in the early 1980s.

In the same vein, Luiz Carlos Trabuco, the outgoing CEO of Bradesco who will soon take Brandao’s old job as chairman, has likewise viewed the adoption of technology and innovation of online and mobile banking products as a core developmental strategy for the bank. Under Trabuco’s watch as CEO, the bank developed the Next system, an online banking platform that has enabled millions of Brazilians to access all of their banking services through their online and mobile devices. This program ultimately proved so successful that the Next platform was spun off into its own company.

Trabuco’s departure marks the end to one of the most volatile reigns in the bank’s history. Inheriting an extremely tough macroeconomic climate, Trabuco did his best to maintain the firm’s position in the market. But after taking over in 2009, shortly before Bradesco’s archrivals, Itau and Unibanco merged, Bradesco’s stock price was pummeled down to less than 20 percent of its value when Trabuco took over as CEO.

However, Trabuco was then able to pull off one of the greatest coups in the history of Brazilian finance. In mid-2015, he announced that Bradesco would be acquiring HSBC Brazil, in its entirety, for $5.2 billion in cash. The completion of this deal instantly rocketed Bradesco back to the number-one position, sending the stock price soaring and redeeming Trabuco in the eyes of shareholders and the market at large.

Since the acquisition, Bradesco’s share price has continued to climb, currently trading at more than 2.5 times its 2015 lows. But even as Trabuco steps down from the role of CEO, many believe that he will continue to have an almost singular influence over the direction of the firm, even as chairman of the board. If the past is any guide, the next few years will see Bradesco even more aggressively pursue technological innovations, driving more customers to its mobile banking products and very likely making raids into its competitors established territories and looking to steal away customers.

Bradesco has never been in a better position to capitalize on its technological advantages