CEO of BMG Recap

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The Consumer Electronics Show is held in Las Vegas, Nevada every year. According to an article posted on the Exame.com website, the first Consumer Electronics Show was held in New York City in 1967. The CES brings manufacturers and consumers together under one roof so ideas can be exchanged and concepts tested before they are introduced to the mass market. A number of ground-breaking items have been introduced at CES, according to Marcio Alaor, the Executive Vice-President and Director of BMG Bank in Brazil.

Alaor remembers when the VCR was introduced in 1970 and when the compact disc player made its first appearance in 1981. Plasma TV’s came along in 2001 and Blu-ray DVD’s in 2003. The 2017 CES will be another great show, according to Alaor. A plethora of other inventions for a variety of industries will change the lifestyles and business models around the world in the future.

Marcio Alaor is no stranger to change. Alaor has watched the Brazilian auto industry go through a series of changes. In another Exame.com article, Alaor talks about General Motors and Ford and how those companies changed the dynamics of the car industry in Brazil. An R7.com article discusses Marcio’s connection to his hometown of San Antonio do Monte, and how he helped that small community grow from a farming-based society to an industrial-based society. San Antonio city officials honored Marcio by naming the food court in the new urban mall after him.

The official Marcio Alaor website has a great deal of information about BMG Bank and the growth the bank has experienced over the last 85 years. Alaor started his banking career with Ricardo Guimarães. Ricardo is a third generation banker and the current president of BMG Bank. Both men share a love for banking and soccer.

When Ricardo Guimarães asked the executive team to put a plan together to sponsor the Minas Gerais soccer club, Alaor got the executive committee to agree on a sponsorship plan for one club, and he also got the committee to agree to invest more money in other football clubs if that sponsorship succeeded. Guimarães told an R7.com interviewer that Alaor’s faith in the sponsorship program is the main reason the BMG Bank logo is now a recognizable brand in every state in Brazil.

In a recent tweet, Alaor said BMG Bank is the largest sponsor of soccer in the country.

The Intricacies of Investing in Brazil

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The economy of Brazil is booming. Brazil had long struggled with a poor economy. In 2003 this really began changing. That is when its economists started fixing what was broken by building up foreign reserves and reducing the present debt.By 2008, the country was doing so well financially that two credit unions finally awarded it investment status. In 2011 its GDP was over $2 trillion, making Brazil the seventh largest economy in the world. Today it is one of the most sought after locations among investors. It is particularly prized among them for its natural resources; it is the second largest producer of iron-ore anywhere in the world.

Iron-ore is only one of its abundant natural resources. It has many and is a huge supplier of countries throughout the world. In fact, it is today China’s main supplier of natural resources. All of this may make it seem like investing in Brazil’s natural resources is a sure thing. No way! Although it would be a very good investment, most investments of any kind are not a sure thing. In addition, even with its rich economy Brazil has yet remained a somewhat politically unstable. However, one who decides to take the risks and invest the time should by investing in Brazil’s natural resources should first register with the Brazilian Central Bank.

Investment is not a good get-quick strategy. It takes a whole lot of patience because it can take a whole lot of time—sometimes many years. This is why the Brazilian investor Igor Cornelsen is so good at it. Cornelsen first made his name as a successful Brazilian banker. Having retired from that career, Cornelsen has gone into an investment career head first. He is an incredibly patient investor who is willing to spend years giving his all to the development of an investment. He becomes so passionate about each investment that he has become an expert on all of them. That kind of commitment is what it takes to be a good investor—particularly a good investor in Brazil.