Ignacio Carvajal

Analyst-Equity at

Cartesio Inversiones SGIIC SA

Finance

Transportation

Consumer Services

Profile

Mr. Ignacio Carvajal is a Partner & Manager at Cartesio Inversiones SGIIC SA. He was previously employed as a Senior Analyst by MainFirst Bank AG (Spain), a Research Analyst by UBS Securities España Sociedad de Valores SA, a Director-Investor Relations by Aena S.M.E.
SA, and an Analyst by BBVA Bolsa Sociedad de Valores SA. Mr. Carvajal holds a degree in Business Administration from Universidad Pontificia Comillas de Madrid (ICADE -1997).

Ignacio Carvajal active positions

Companies	Position	Start
Cartesio Inversiones SGIIC SA Cartesio Inversiones SGIIC SA Investment ManagersFinance Cartesio is an active, contrarian-biased, long-term manager which aims to protect capital by following an absolute and risk adjusted investment objective, investing in equities, government bonds, corporate debt and cash. The firm employs a gradualist approach to construct concentrated portfolios, investing in a limited number of medium and large-cap equities. They follow a bottom-up approach to select stocks emphasizing fundamental valuation tools including meeting with analysts and company management. Index derivatives are utilized to manage market risk. Investment decisions are made jointly by the firm's partners.	Analyst-Equity	01/03/2016

All active positions of Ignacio Carvajal

Former positions of Ignacio Carvajal

Companies	Position	End
MainFirst Bank AG (Spain) MainFirst Bank AG (Spain) Investment Banks/BrokersFinance Provides brokerage services	Analyst-Equity	01/03/2016
BBVA Bolsa Sociedad de Valores SA BBVA Bolsa Sociedad de Valores SA Investment Banks/BrokersFinance Provides brokerage services	Analyst-Equity	29/11/2004
AENA S.M.E., S.A.	Investor Relations Contact	-
UBS Securities España Sociedad de Valores SA UBS Securities España Sociedad de Valores SA Investment Banks/BrokersFinance Provides brokerage services	Analyst-Equity	-

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Linked companies

Private companies	6
BBVA Bolsa Sociedad de Valores SA BBVA Bolsa Sociedad de Valores SA Investment Banks/BrokersFinance Provides brokerage services	Finance
UBS Securities España Sociedad de Valores SA UBS Securities España Sociedad de Valores SA Investment Banks/BrokersFinance Provides brokerage services	Finance
Cartesio Inversiones SGIIC SA Cartesio Inversiones SGIIC SA Investment ManagersFinance Cartesio is an active, contrarian-biased, long-term manager which aims to protect capital by following an absolute and risk adjusted investment objective, investing in equities, government bonds, corporate debt and cash. The firm employs a gradualist approach to construct concentrated portfolios, investing in a limited number of medium and large-cap equities. They follow a bottom-up approach to select stocks emphasizing fundamental valuation tools including meeting with analysts and company management. Index derivatives are utilized to manage market risk. Investment decisions are made jointly by the firm's partners.	Finance
Aena S.M.E. SA Aena S.M.E. SA Other TransportationTransportation Provides airport management services	Transportation
MainFirst Bank AG (Spain) MainFirst Bank AG (Spain) Investment Banks/BrokersFinance Provides brokerage services	Finance
Universidad Pontificia Comillas Universidad Pontificia Comillas Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services