Julio Herrera Velutini

Carrer

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.