Julio M. Herrera Velutini – Distinguished Banking Executive
An experienced international banking and investment executive who has founded banks in Puerto Rico, Europe, and Venezuela, Julio M. Herrera Velutini is a fifth-generation banker whose family founded Banco Caracas in 1880. They led the company for more than 100 years. Mr. Herrera Velutini began his career as a trader on the Caracas Stock Exchange while studying at Central University of Venezuela and, in 1990, joined Multinvest Casa de Bolsa. He served as senior director of Multinvest Operadora de Bolsa, C.A., from 1992 to 1998.
Following the sale of Banco Caracas, Julio M. Herrera Velutini was appointed chairman of the holding company Inversiones Transbanca. The company invested in various financial services firms, as well as the Venezuelan affiliates of major automobile companies such as Kia Motors and BMW. Around the same time, he was voted president of the board for Bolívar Banco Universal and became the youngest person to run a bank in the South American country.
In subsequent years, Julio Herrera Velutini founded Financiera Venezolana, C.A. and held executive positions at Transportation Transbanca CA Bank Securities, BBO Financial Services, and Central Cash Corporation. He also provided assistance to Blue Bank International in Puerto Rico. Later, he served as chairman and CEO of Banco Real in Venezuela and oversaw its expansion prior to facilitating a sale of the company.
Mr. Herrera Velutini founded an international banking entity in Puerto Rico in 2009 and continues to serve as its chairman. In addition, he founded the Britannia group of companies, which includes Britannia Wealth Management and Britannia Global Payments. He also created Interocean Capital Funds, Banvelca & Company LTD, Clementina Velutini Clevelca Trust, and Diario de las Américas. He directs charitable investments into arts-focused nonprofits via the Internacional Art Fund.