Juan Carlos Escotet

Juan Carlos Escotet Rodríguez (born 1959) is a Spanish-Venezuelan billionaire banker and the founder of Banesco, the largest private financial institution in Venezuela. He is also CEO and shareholder (80 %) of Spanish bank Abanca. As of March 2022, his reported net worth is estimated at US$3.5 billion.[1]

In this Spanish name, the first or paternal surname is Escotet and the second or maternal family name is Rodríguez.
Juan Carlos Escotet
Born
Juan Carlos Escotet Rodríguez

1959 (age 63–64)
Madrid, Spain
NationalitySpain
Venezuela
EducationAndrés Bello Catholic University
University of Miami (MS)
OccupationBanker
Known forFounder, Banesco, Abanca
SpouseMaría Isabel Alviárez
Children4
RelativesMiguel Angel Escotet
Websitehttp://www.juancarlosescotet.org/

Early life

Juan Carlos Escotet was born in Madrid in 1959[2] as one of eight immigrant children in Spain. He began his work life performing errands for Banco Union in Venezuela in 1976 during which he also attended night school.[3]

He later earned a master's degree in professional management science from the University of Miami School of Business at the University of Miami in Coral Gables, Florida.[1][2]

Career

After earning his MBA, Escotet worked as an executive for Sociedad Financiera Latinoamericana and then creating his own financial group.[3] In the 1990s, Escotet bought out Venezuelan financial institutions that were then going through a financial and banking crisis. He also set up his own establishment in Panama.[3] Escotet founded Banesco, which is now the largest private financial institution in Venezuela. In 2000, Banco Union was absorbed into Banesco in a merger agreement.[3][1] He owns other branches in Miami, Panama, Colombia, Curaçao, the Dominican Republic and Puerto Rico.[3]

In 2015, Escotet acquired Spain-based NCG Banco, which was later renamed Abanca.[4]


References
  1. "Forbes profile: Juan Carlos Escotet". Forbes. Retrieved 13 March 2022.
  2. "ABANCA - Shared Values". www.abancacorporacionbancaria.com. Retrieved 2 April 2018.
  3. Cuadros, Alex (19 December 2012). "Venezuelan Billionaire Seen Benefiting From Socialism". Bloomberg. Retrieved 19 May 2016.
  4. Marco, José Luis. "Escotet convierte a Abanca en el Ave Fénix de la banca rescatada en España". CapitalMadrid. Retrieved 5 October 2019.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.