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]
Juan Carlos Escotet | |
|---|---|
| Born | Juan Carlos Escotet Rodríguez 1959 (age 64–65) Madrid, Spain |
| Nationality | Spain Venezuela |
| Education | Andrés Bello Catholic University University of Miami (MS) |
| Occupation | Banker |
| Known for | Founder, Banesco, Abanca |
| Spouse | María Isabel Alviárez |
| Children | 4 |
| Relatives | Miguel Angel Escotet |
| Website | http://www.juancarlosescotet.org/ |
Early life and education edit
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 edit
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 edit
- ^ a b c "Forbes profile: Juan Carlos Escotet". Forbes. Retrieved 13 March 2022.
- ^ a b "ABANCA - Shared Values". www.abancacorporacionbancaria.com. Retrieved 2 April 2018.
- ^ a b c d e Cuadros, Alex (19 December 2012). "Venezuelan Billionaire Seen Benefiting From Socialism". Bloomberg. Retrieved 19 May 2016.
- ^ Marco, José Luis. "Escotet convierte a Abanca en el Ave Fénix de la banca rescatada en España". CapitalMadrid. Retrieved 5 October 2019.
External links edit
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