By the 19th century, the family’s banking enterprises had spread across Venezuela, in partnership with other powerful families, including the Monagas and Bolivars. This golden heritage, coupled with an enviable collection of art and jewels, became not just a source of financial security but also a platform for wielding influence.

 

As a direct descendant of renowned financiers like Manuel Antonio Matos of Banco de Venezuela and José Antonio Velutini of Banco Caracas, Julio inherited not just wealth but an acute sense of responsibility. Taking the helm of the Herrera legacy at a young age, he understood that true power lies not in political offices but in policies that drive economic behavior.

 

“Domestic and foreign policies dictate how economies behave,” Velutini has remarked. “You don’t make money in politics—you make money with policies.” This principle underpins his approach to influencing regions as diverse as Latin America, Europe, and his latest partnerships in the Middle East.

 

Velutini’s ethos aligns with an unwavering commitment to his investors and the broader communities of incredibly affluent clients that his banks continue to serve. By ensuring that policies encourage growth, attract capital, and foster stability, he balances the financial ambitions of his enterprises with his moral obligations to society.

Julio Herrera Velutini and His Influence on Policies that connect Economic Landscapes

 

A key aspect of Velutini’s approach is his ability to recognize how streamlined policies can transform regions. His support for initiatives like expedited permits for energy production in the U.S. exemplifies his vision. “If policies support expedited permits,” he notes, “it will attract massive amounts of capital, just as we’ve seen in North Dakota and West Virginia.”

 

This philosophy extends globally. Through partnerships and advisory roles, Velutini and his family influence foreign policy to align with economic stability, democracy, and sustainable growth. His banking institutions have played critical roles in reversing economic downturns and promoting capitalism in regions previously dominated by socialist ideologies.

Julio Herrera Velutini - Reshaping Latin America and Beyond

 

Velutini’s influence is most deeply felt in Latin America, where his banks have historically served as pillars of economic progress. By fostering entrepreneurship, stabilizing currencies, and investing in industrial growth, his initiatives have contributed to what some call the "Latin American economic miracle." At their zenith, the family’s enterprises accounted for nearly 6% of the region’s GDP.

 

Moreover, his interventions have extended to Europe, the Caribbean, and the Middle East. Whether it is building partnerships with royal families in the Gulf or navigating the complexities of European financial regulations, Velutini’s reach is both broad and nuanced.