Julio M Herrera Velutini - Julio M Herrera Velutini
Although Julio Herrera Velutini has worked in the banking industry for almost two decades, his family's involvement in the business dates back to 1890. On December 1 of that year, Julio Herrera Velutini's relative, Julio Antonio Velutini Ron, together with other families from the Valley of Caracas, founded Banco Caracas.
In addition to forward-thinking business moves that allowed the bank to print its own currency and consolidate its stocks, Velutini Ron's son, Julio César Velutini Couturier, established the institution’s operating practices, which are rooted in strong morals and strength of character. These values have been passed down through generations of Mr. Herrera Velutini’s family, and he maintains these values today in his own business dealings.
Besides Mr. Velutini Couturier, several other members of Mr. Velutini's family have worked in the banking industry, either as bankers or on boards of directors. Based in Caracas, Venezuela, he spent several years as a Director on the board of Banco Real. While there, he assisted in the oversight of the bank’s expansion to additional locations in Carabobo, Aragua, Lara, and Bolivar. During Mr. Herrera Velutini’s tenure, the financial institution focused on lending to micro-entrepreneurs and small to medium-sized businesses in Venezuela.
In 2008, Banco Real managed 7,000 accounts, and Mr. Herrera Velutini sought to increase its holdings to 1 percent of the country’s banking market. To serve as a good corporate citizen, the bank worked to prioritize lending to organizations that benefited local communities.