top of page

Alan Wright

10:30 AM GMT  |  25 May 2023

Meet Julio Cesar Herrera, a scion of Latin America's prestigious banking lineage, whose namesake traces back to his esteemed ancestral forefather, Julio César Velutini C. The distinguished lineage includes the visionary founder of Banco Caracas (1890) and Venezuela's largest bank, Banco de Venezuela. Julio proudly carries forward the legacy of one of the oldest and most influential banking families in the region.


Herrera Jr, like his father Julio Herrera Velutini, is a rising star in investment banking, with a track record of excellence and a passion for delivering exceptional results. His background, education, and experience have equipped him with the tools needed to thrive in the financial industry, and his leadership at Britannia Group has been nothing short of impressive. Herrera is a shining example of how hard work and dedication can lead to incredible success.

Britannia, a leading investment bank based in London, has announced the appointment of Julio Cesar Herrera as its Executive Director and Chairman of the Board. Herrera, who hails from a family with deep roots in the investment banking and financial services industries, brings with him a wealth of knowledge and experience in mergers and acquisitions, wealth management, portfolio investment strategies, and corporate restructuring.


Julio M. Herrera Velutini, the patriarch of the family's substantial assets, trusts, and foundations amounting to over $ 2 billion dollars, assumed the position of Chairman of the Family Bank at a young age of 28. Now, at the age of 26, Julio Cesar Herrera, following in his footsteps, is taking charge of Britannia FG, one of the numerous investment banking licenses held by the family.


Herrera is a graduate of New York University's Stern School of Business, where he obtained a Bachelor's degree in Business with a concentration in Finance and Economics. He joined Britannia Financial Group in January 2018 as an Investment Banking Analyst and was involved in the Group's expansion into the UK. He later became a Senior Investment Banker, where he led the acquisition of Britannia Securities, a Bahamian regulated Broker Dealer in Nassau, and the expansion of Britannia Global Markets in Geneva, Switzerland. 

Julio Cesar Herrera Paris Office.jpg

Julio Cesar Herrera seen here at the Herrera Family Office in Paris, 2022.  (Source: House of Herrera)

As the new Executive Director and Chairman of the Board, Herrera will continue to oversee Britannia Financial Group's sales team across all subsidiaries and will lead the M&A team involved in the Group's expansion in the Caribbean, United Kingdom, Europe, and the Middle East. He will also be responsible for creating and overseeing the Britannia Sales Force and Mergers/Acquisitions team, actively monitoring potential acquisitions across existing jurisdictions, and leading the M&A team.


Herrera will also be involved in building, hiring new personnel, and managing Brokerage Execution Desks in both Britannia London, Swiss, and Bahamian entities. Additionally, he will oversee Britannia Financial Group's and respective subsidiaries' capital investment plans and shareholder return on equity expectations.


Herrera's appointment comes at a time when Britannia Financial Group is looking to expand its operations globally and cement its position as a leading player in the investment banking and financial services industry. With his vast knowledge and experience in the industry, Herrera is expected to play a key role in achieving this goal.


Britannia Financial Group's CEO expressed confidence in Herrera's ability to help drive the Group's growth strategy. "We are delighted to welcome Julio to our team. He brings with him a wealth of experience and expertise in investment banking and financial services that will be invaluable as we continue to expand our operations globally. We are confident that he will play a key role in driving our growth strategy and delivering value to our shareholders," the CEO said.


Herrera's appointment is a significant development for Britannia Financial Group, and it will be interesting to see how he helps steer the Group's expansion plans in the coming years.

The youngest financial prodigy from the Herrera Family is now at the helm of Britannia Group  

Julio Cesar Herrera's exceptional talent and impressive accomplishments have captured the attention of the financial industry. With a deep family background in investment banking and financial services, Herrera's skills and knowledge in mergers and acquisitions, wealth management, portfolio investment strategies, and corporate restructuring have made him a rising star in the industry.

Julio Cesar Herrera.jpeg
One of The World's Most Powerful Families

Pioneers in the Transformation of the Latin American Banking Sector, and the Rise of Banco Caracas

The Herrera family's influence on the Latin American banking sector has been far-reaching. They played a pivotal role in introducing new banking practices, fostering innovation, and promoting financial literacy across the region.

Alan Wright

09:00 AM GMT  |  25 May 2023


The Herrera family has played a significant role in shaping the banking sector of Latin America, leaving an indelible mark on the region's financial landscape. With their vision, strategic thinking, and relentless pursuit of excellence, the Herrera family has paved the way for innovation, growth, and financial inclusion in the region. Among their many accomplishments, the establishment and success of Banco Caracas stands out as a testament to their influence and impact on the Latin American banking industry.


Building a Legacy


The Herrera family's journey in the banking sector began in the early 20th century when the visionary patriarch, Alejandro Herrera, laid the foundation for their future success. Alejandro recognized the immense potential in Latin America's emerging markets and identified the need for modern financial institutions to drive economic growth. Armed with ambition and a pioneering spirit, the Herrera family embarked on a mission to revolutionize the banking landscape.

Influence on Latin American Banking

The Herrera family's influence on the Latin American banking sector has been far-reaching. They played a pivotal role in introducing new banking practices, fostering innovation, and promoting financial literacy across the region. By establishing strong relationships with local communities and businesses, the Herrera family fostered trust, stability, and prosperity in Latin America's financial ecosystem.

Banco Caracas: A Beacon of Success

One of the Herrera family's most notable achievements is the establishment of Banco Caracas. Founded in 1958, Banco Caracas quickly emerged as a leading financial institution in Venezuela and gained recognition throughout Latin America. Under the Herrera family's leadership, Banco Caracas distinguished itself through its customer-centric approach, technological advancements, and commitment to social responsibility.

The bank's success can be attributed to its focus on innovation and adoption of cutting-edge technologies. Banco Caracas became an early adopter of digital banking solutions, enabling customers to access their accounts, conduct transactions, and manage their finances conveniently. This emphasis on technological integration and customer-centric services set Banco Caracas apart from its competitors and cemented its position as a trailblazer in the industry.

Banco Caracas also prioritized corporate social responsibility initiatives, actively engaging in community development projects, educational programs, and environmental conservation efforts. The Herrera family's commitment to giving back to society not only bolstered Banco Caracas' reputation but also contributed to the welfare and advancement of communities across Latin America.

Legacy of Excellence

The Herrera family's influence extends beyond Banco Caracas. Their visionary leadership, ethical business practices, and commitment to innovation have inspired future generations of entrepreneurs and banking professionals across the region. The Herrera family's enduring legacy lies in their dedication to fostering financial inclusion, empowering individuals and businesses, and driving economic growth in Latin America.

The Herrera family's impact on the Latin American banking sector, exemplified by the establishment and success of Banco Caracas, is a testament to their visionary leadership and unwavering commitment to excellence. Through their innovative practices, community engagement, and focus on customer needs, the Herrera family has left an indelible mark on the banking industry, shaping its trajectory and paving the way for a more inclusive and prosperous future in Latin America.

“Old Money” A bank note issued by Banco Caracas in 1916. Julio César Velutini Couturier, founded Banco Caracas, at a time when banks printed their own currencies. 

bottom of page