Julio Herrera Velutini born to excel his family
legacy as an International Banker
International banker Julio Herrera Velutini was born on December 15, 1971, into
the prestigious Herrera-Velutini banking dynasty. His family has been involved
in Latin American finance for more than a century.
Julio Herrera graduated from Venezuela's Central University with a bachelor's
degree in 1990 while also working as a trader on the Caracas Stock Exchange. He
began working at Multinvest Casa de Bolsa as a stockbroker and eventually
advanced to become a partner, board member, and the brokerage company's
main shareholder. In addition, from 1992 to 1998, Julio M. Herrera Velutini
worked as a senior director at Multinvest Operadora de Bolsa, C.A. and its
subsidiaries.
As one of Inversiones Transbanca's primary shareholders, Julio Martin Herrera
Velutini served as chairman before joining the company in 1998. He also held
senior leadership positions for several of the company's portfolio businesses,
including Kia Motors of Venezuela, BMW of Venezuela, Banco Activo Banco
Comercia, and Transporte de Valores Bancarios de Venezuela.
He took the prestigious patriarchal role of the family's financial business at the
early age of 28. In barely three years, he rose to prominence in both society and
the economics of Latin America.
He co-founded Bolvar Banco Universal, C.A. in 2000 and served as its president
while also holding senior positions at Financial Venezolana, C.A. and Central
Cash Corporation, furthering his footprint in the banking industry.
In 2007, Julio Herrera Velutini was named CEO and chairman of Banco Real. He
held these posts until 2009, during which time he oversaw initiatives to
concentrate the company's attention on assisting small business owners and
modernizing its loan approval procedure. In addition, he oversaw the bank's
development in North America and helped to organize the opening of a new
headquarters in Caracas before assisting in the merger with Helm Bank.
He formed Helvetica Financial Group, Bancredito Foundation & Group,
Bancredito International Bank, Corporation, and many more organizations
globally in late 2009. He has invested in, bought, and now serves as a board
member of various additional financial firms, including Consultiva International
Group.
The Britannia group of businesses, which includes Britannia Wealth
Management and Britannia Global Payments, was also established by Julio
Martin Herrera, Bancredito founder. In addition, he founded Diario de las
Américas, Banvelca & Company LTD, Clementina Velutini Clevelca Trust, and
Interocean Capital Funds. Through the International Art Fund, he makes
donations to NGOs that support the arts.
While not without criticism from other leaders who favored a change to a more
socialist economic model, his traditional approach to banking significantly
helped to stabilize a potentially volatile labor force during Venezuela's stormy
years of social upheaval. With his industrial and political influence, Herrera
Velutini epitomizes Italian elegance and sophistication in Latin America.
As a stylish banker, his sartorial elegance and persona are enhanced by his
reputation as an animal rights activist, art connoisseur, and financial mogul
who, during the Coronavirus pandemic, selflessly supported the British
Government so that government operations would continue without
interruption, the rule of law would be upheld, and the livelihoods of the people
would remain unchanged.