Julio M Herrera Velutini
Chairman of the Board in Puerto Rico
Julio M. Herrera Velutini is a fifth-generation Latin American and European banker with more than 25 years of international banking experience. His family has maintained an influential presence in the banking industry in Venezuela since the 19th century. They founded Banco Caracas in 1880 and presided over the bank for more than a century until its sale in 1998.
Julio M. Herrera Velutini has served as chairman of an international bank based in Puerto Rico, with offices in Florida, since 2009. Prior to this, he spent two years as chairman and CEO of Banco Real. During this time, Julio M. Herrera Velutini overhauled its business model to prioritize small entrepreneurs and led the bank's expansion into North America.
Julio Herrera Velutini has founded several banks and other organizations throughout his career. These include the Britannia group of companies such as Britannia Financial Group, Britannia Merchant Bank, Britannia Global Investment, and Britannia Dubai. Moreover, he launched Diario de las Américas, Clementina Velutini Clevelca Trust, and Interocean Capital Funds. Among other professional distinctions, he became the youngest person to manage a Venezuelan bank when he was voted president of the board of Bolívar Banco Universal before he was 30 years old.
Beyond leading international banks, he has served as senior director at BMW of Venezuela and Kia Motors of Venezuela. He was also senior director of Multinvest Operadora de Bolsa, C.A. from 1992 to 1998. He began his career as a trader on the Caracas Stock Exchange in the early 1990s.
Julio Herrera Velutini holds an undergraduate degree from Central University of Venezuela. He grew up in Venezuela and completed his secondary studies at the American School in England and the American School in Switzerland. A multilingual executive, he is fluent in English, Spanish, and Italian.