Julio M. Herrera Velutini
Julio M. Herrera Velutini
|Born||1971 (age 51–52)|
Julio M. Herrera Velutini (born in 1971) is an Italian serial entrepreneur, banker, and philanthropist. Velutini is the founder of Bancredito, an International Banking Entity, and Britannia Wealth Management, a leading asset management firm and financial group. He is also the owner of Interart Limited, the Herrera family’s art fund, and other international financial institutions like Diario Las Americas, Interocean Capital Funds, and Herrera Brothers & Company.
Velutini is a descendent of a 14th-century Castilian family that can be traced back to Pedro Garcia de Herrera y Rojas, Lord of Ampudia, and the House of Herrera. He is the seventh generation of this family of Spanish bankers with a history in finance and banking.
Velutini has over three decades of experience in the banking and financial services industry, founding and acquiring banks across Puerto Rico, the United States, and Europe. As of 2021, he serves as the chairman of the board of Bancredito International Bank, located in Puerto Rico, as well as its philanthropic foundation, along with serving as a board member of several other corporations.
Early life and education
Velutini was born in Italy in 1971 and raised in New York. He completed his high school and college education in the United Kingdom and Switzerland. In 1990, Velutini graduated from the Central University of Venezuela.
Velutini is a descendent of a 14th-century Spanish family that has had a significant impact on Latin American banking and real estate since the 1590s, with the establishment of Hacienda La Vega and Banco Caracas. The Herrera Velutini family is a major part of a lineage that helped set in place a central bank and independent national currency, making it one of the oldest and leading families from the Americas.
Velutini started his career in the early 1990s when he began working at the Caracas Stock Exchange for a brokerage firm, Multinvest Casa de Bolsa. For almost eight years, he served as a board member and then joined Transban Investments Corporation.
Velutini served as the CEO of Transban Investments Corporation and eventually became one of its major shareholders. During his time there, he also served as a senior director of some of the major firms such as Kia Motors, BMW, BBO Financial Services, Banco Real, Banco Activo Banco Comercial, Transporte de Valores Bancarios, and Bolívar Banco Universal.
Simultaneously, Velutini also acquired several companies such as Caja Caracas Casa de Bolsa, IBG Trading (USA), and Banco Real. In his late 20s, Velutini became the chairman of the board of directors at Bolívar Banco Universal and Banreal Holding.
In 2008, Velutini founded Bancredito, an International Banking Entity (IBE) regulated by the Office of the Commissioner of Financial Institutions (OCIF) of Puerto Rico and supervised by the Federal Reserve NY. Since its foundation, Bancredito, under the leadership of Velutini, has been focused on contributing to the development of international banking. Later in 2016, Bancredito took the first step of its expansion with the acquisition of Consultiva Wealth Management, an investment advisory firm, which resulted in the Bancredito Group becoming one of the largest international banking groups in America.
Velutini, in 2012, founded Britannia Wealth Management, an asset management firm headquartered in Geneva, Switzerland. In 2016, he opened a financial group under its umbrella in London that is known for offering bespoke financial services. Britannia Financial Group is currently the shareholder of several financial institutions worldwide, including Britannia Global Markets, a UK full-service brokerage firm; Britannia Global Payments Limited; Britannia Bank & Trust, a privately held bank; Britannia Securities Limited; and Britannia Dubai Holding Limited.
Apart from his diversified career in the banking and finance industry, Velutini is also a philanthropist and is involved with several charities like the Boys and Girls Club in Florida and Puerto Rico, Baptist Hospital in Miami, the Lazarus Foundation, and others.
Velutini is an avid art enthusiast, and through the Herrera family’s art fund, Interart Limited, he helps disadvantaged groups to gain exposure. As of 2021, Velutini has a family residence in Madrid, New York, Puerto Rico, and London.
- ↑ "Julio Herrera Velutini - Crunchbase Person Profile". Crunchbase. Retrieved 1 December 2021.
- ↑ "Julio Herrera Velutini". CakeResume. Retrieved 1 December 2021.
- ↑ "Julio Herrera Velutini". Medium. Retrieved 1 December 2021.
- ↑ "Julio Herrera Velutini's Biography | Muck Rack". muckrack.com. Retrieved 1 December 2021.
- ↑ "House of Herrera". HouseofHerrera. Retrieved 1 December 2021.
- ↑ "Julio M Herrera Velutini on Behance". Behance. Retrieved 1 December 2021.
- ↑ "Julio M Herrera Velutini - Chairman of the Board at Bancredito". Worky.com. Retrieved 1 December 2021.
- ↑ "Google Books". books.google.com. Retrieved 1 December 2021.