Career
Julio Herrera Velutini began his career in the early 1990s at the Stock Exchange, working
with Multinvest Casa de Bolsa. He wasn’t just an entry-level name on the list — he
joined the board of directors and stayed there until 1998. That same year, he stepped
into a much bigger role as CEO of Transban Investments Corp, where he also became one of
the company’s major shareholders. Around this time, he also began taking on executive
and board-level positions in several other companies, including Kia Motors, BBO
Financial Services, Transporte de Valores Bancarios (a security transport firm), and
Bolivar Banco Universal. Remarkably, by age 29, he was already serving as Chairman of
the Board at Bolivar Banco Universal.
In the early 2000s, he expanded his portfolio by acquiring companies such as Caja Casa de
Bolsa and IBG Trading in the U.S. Then in 2006, along with Transbanca’s finance team and
key partners, he acquired full control of Banco Real and Banreal International Bank.
Until early 2009, he served as Chairman of the Board at Banco Real and its parent,
Banreal Holding in Spain. He later sold his stake in these institutions, citing growing
political and economic uncertainty in Latin America. During this same period, he also
held executive roles at Banco Activo Banco Comercial.
In 2008, he made a bold move with a $5 million investment that led to the founding of
Bancredito International Bank & Trust Corporation (Bancredito). The bank’s capital soon
grew to over $60 million, with assets under management reaching approximately $600
million. In addition to launching the bank, he also created the Bancredito Foundation
and Bancredito Financial Services. The group expanded further in 2016 with the
acquisition of Consultiva Wealth Management, an SEC-registered investment advisory firm
with offices in Puerto Rico and New York.
His work didn’t stop there. In 2012, he entered the European market by founding Britannia
Wealth Management in Geneva, Switzerland — an asset management firm and a member of the
Association Suisse des Gérants de Fortune (ASG). Four years later, in 2016, he
established Britannia Financial Group (BFG), which now operates across banking,
investment, securities, and consulting sectors. Britannia has since become a shareholder
in a range of financial institutions across the globe.
In addition to his finance ventures, he is the owner and shareholder of Intermedia
Limited, which owns the Miami-based newspaper Diario Las Américas. He also holds board
seats in various corporate and international financial institutions.
In August 2022, Herrera Velutini was indicted on charges related to alleged illegal
campaign financing during the election run of former Puerto Rico governor Wanda Vázquez
Garced. The case centered on a 2020 survey commissioned by City Group London to assess
voter behavior in Puerto Rico. According to Vázquez’s legal team, the survey was not
conducted to support her candidacy. After the indictment was issued, Herrera Velutini
voluntarily surrendered to authorities and entered a plea of not guilty.
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(PDF). VenEconomía Semanal. July 28, 2004.
Retrieved December 26, 2012.