In the 14th century, the Herrera Family achieved notoriety and left a historic tradition of Spanish aristocracy for their descendants like Julio Herrera. The family, who were well-known for being lords, landowners, merchants, and conquistadors, later entered the banking business and had an impact in Spain, the Canary Islands, Latin America, England, and Germany. The House of Herrera was founded in recognition of the obligations and trust necessitated by centuries of alliances.
The House of Herrera has been known since the 1500s for courageous deeds that brought the family countless titles and victories, and it is infused with ideals and traditions that persist today. For many years, it has had a significant military and political impact.
Over seven centuries, the family was crucial to the growth of the financial, fashion, and business sectors in Spain, Latin and North America, and more recently the United Kingdom and other countries. The House of Herrera had a significant impact on Latin American history, notably the banking and real estate sectors. With the legacy of centuries, Julio M. Herrera Velutini gracefully led it like a Pheonyx as an International Banker and lit up the financial future of Latin America.
Julio Herrera Velutini embraces the legacy of his family
Julio M. Herrera Velutini is descended from a family that founded a central bank and a separate national currency. When banks were printing their own money, Julio César Velutini Couturier, his ancestor, oversaw Banco Caracas. He significantly contributed to Banco Caracas' expansion. Up to the creation of the Central Bank of Venezuela, he centralized authority over the institution's stock and managed the issuance of money at Banco Caracas.
His family has always had a significant impact on the banking and real estate sectors in Venezuela. One of the first holdings possessed by the House of Herrera in Latin America, the Hacienda de La Vega in Caracas, was established in 1590 by Julio Herrera's ancestors. In 1890, the family established Banco Caracas, and they subsequently served as its chairman.
Future family members served as Banco Caracas' chairmen or senior directors for the following 100 years, up until the bank was sold in 1998.
Read about - Julio Herrera Velutini: An International Banker with a lineage in the Banking Sector
Up until 1989, the Velutini family maintained majority control over Banco Caracas by owning a 70% interest in the company. The Velutini family later founded Banco Bolivar, Banco Activo, and Banco Real, among other financial companies.
When Banco Caracas was sold in 1991, Julio assumed the role of CEO of Inversiones Transbanca and Transban Investment Corporation, becoming one of the company's largest stockholders.
Julio Herrera Velutini bought businesses such as Caracas Casa de Bolsa, IBG Trading, Banco Real, and Banreal International Bank by the year 2007 together with the Board of Directors of Inversiones Transbanca and his partners, Jose Herrera Velutini and Bélen Clarisa Velutini. From early 2007 until February 2009, he presided over the boards of Banco Real and Banreal Holding. In late 2009, Julio Herrera Velutini's Bancredito International Bank was established along with the Bancredito Foundation in the United States. He established Britannia Financial Group in London and Switzerland at the start of 2012. He now serves on the boards of numerous additional businesses as a member of the board.