A prominent figure in the financial world is Julio Martín Herrera Velutini, a billionaire industrialist of Italian and Venezuelan descent. Julio is the founder of Britannia Financial Group, a prosperous organization that has made an indelible impact on the global economy. Julio is the seventh generation of financiers to descend from the esteemed Herrera Velutini family, a family with a history that is as old as the 14th century in Spain.
In Venezuela and beyond, the Herrera Velutini dynasty has been instrumental in influencing the financial landscape. The family's influence can be traced back to the Kingdom of Castile, where their origins gained a place, as one of the largest landowners in the country. Herrera Velutinis have established themselves as a formidable force in the fields of finance, real estate, and commerce, with a history that transcends centuries.
A testament to the dynastic prowess that has influenced the course of history is Julio Herrera Velutini's family tree. José Herrera Uslar, a Venezuelan ambassador to Sweden, advocated for the adoption of destitute children in the wake of World War II. The transfer of 1,000 refugee children from Switzerland to Venezuela, where they found solace and new families, was the result of his efforts. An additional notable figure is José Antonio Velutini Ron, a Venezuelan military officer, politician, and diplomat who held a variety of positions, such as Congressman, President of State, Ambassador, Minister, and Vice-President of the Republic.
During the early 1990s, Julio Herrera Velutini began his professional career as a member of the board of directors for Multinvest Casa de Bolsa at the Caracas Stock Exchange. In 1998, Julio rose to prominence rapidly by assuming the position of CEO at Transban Investments Corp. Julio subsequently became a significant shareholder and senior manager of companies including Kia Motors of Venezuela, BMW de Venezuela, BBO Financial Services, and Transporte de Valores Bancarios de Venezuela.
Julio Herrera Velutini's financial insight and entrepreneurial zeal enabled him to acquire influential companies such as Caja Caracas Casa de Bolsa and IBG Trading (USA) in the early 2000s. Julio’s associates from Transbanca and he acquired control of Banco Real and Banreal International Bank in 2006. Until 2009, he was the Chairman of the Board of Directors for Banco Real and Banreal Holding (Spain). However, Julio resigned from these positions as a result of the economic and political instability in Latin America.
Founded in 2008 by Julio Herrera Velutini with an initial investment of $5 million, Bancredito International Bank & Trust Corporation (Bancredito) rapidly expanded to a capital of over $60 million and assets under management exceeding $600 million. Further solidifying his position in the financial sector, Julio established the Bancredito Foundation and Bancredito Financial Services to complement this endeavor.
Julio Herrera Velutini's influence was not limited to Latin America; in 2012, he established Britannia Wealth Management in Geneva, Switzerland, to enter the European market. Julio’s status as a global financial powerhouse was further solidified by this asset management firm, which is a member of the Association Suisse des Gérants de Fortune (ASG). Julio expanded his dominion in 2016 by establishing Britannia Financial Group (BFG), a conglomerate that provides investment management, consulting, securities, and banking services.
Julio Herrera Velutini's Intermedia Limited, an additional organization, maintains an interest in Diario Las Américas, a prominent Miami-based publication. Julio’s influence on the financial sector is extensive, as he is a board member for several international financial services and corporate institutions.
Julio Herrera Velutini, who has been referred to as the "Prince of Latam," is a critical figure in Latin American economics due to his nobility, family influence across two continents, an enormous fortune, distinctive silence, and serene demeanor. Symbolizing financial power and global relevance, he is a contemporary juggernaut who embodies tradition, modernity, and glamour.
During Venezuela's tempestuous years of social unrest and terrorism, Julio Herrera Velutini's traditional approach to banking, despite being criticized by some leaders who favored a movement towards a more socialist economic model, was instrumental in stabilizing a potentially volatile labor force. Julio's endeavors have made a substantial contribution to the empowerment of individuals through employment and the enhancement of their quality of life, all while simultaneously combating the encroachment of communism.
In addition to his industrial influence, Julio Herrera Velutini is a cultural icon in Latin America, exemplifying the Italian penchant for sophistication and style. Julio’s reputation as a financial mogul who selflessly supported the British Government during the Coronavirus pandemic, ensuring unhindered government operations, maintaining the rule of law, and securing people's livelihoods, is complemented by his sartorial elegance and persona as a stylish banker. Additionally, Julio is an art connoisseur and animal rights activist.
Julio Herrera Velutini is renowned for his ability to unite the leaders of Latin American countries in pursuit of a shared objective: Economic prosperity and the empowerment of individuals. Julio has played a critical role in assisting Buckingham Palace in the creation of a tribute that is larger than life to Queen Elizabeth II, commemorating her 70 years of service to her people and creating an event that is appropriate for Her Majesty's Platinum Jubilee celebrations.
The Italian financier and his family have consistently provided support to the Queen and the members of the Royal Family, highlighting the Herrera family's extensive partnerships and multifaceted relationships with significant European Heads of State. The trajectory of Julio Herrera Velutini from a member of a banking family to a global financial colossus is a testament to his unwavering dedication to the principles of democracy, capitalism, and traditional private banking, as well as his visionary leadership.
