Juan Carlos Escotet
Juan Carlos Escotet Rodríguez (born 1959) is a Spanish-Venezuelan billionaire banker and the founder of Banesco. As of March 2022, his net worth is estimated at US$3.5 billion.[1]
Juan Carlos Escotet | |
|---|---|
| Born | Juan Carlos Escotet Rodríguez 1959 (age 62–63) Madrid, Spain |
| Nationality | Spanish Venezuelan |
| Education | Universidad Catolica Andres Bello University of Miami |
| Occupation | Banker |
| Known for | Founder, Banesco |
| Spouse(s) | María Isabel Alviárez |
| Children | 3 |
| Relatives | Miguel Angel Escotet |
| Website | http://www.juancarlosescotet.org/ |
Early life
Juan Carlos Escotet was born in Madrid in 1959[2] as one of eight immigrant children from Spain. He first began to work doing errands for a bank in Venezuela in 1976. He was in night school while working full-time at Banco Union.[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.[1][2]
Career
After earning his MBA, Escotet worked as an executive for Sociedad Financiera Latinoamericana, ultimately creating his own financial group.[3]
In the 1990s, Escotet gathered enough money to buy out Venezuelan financial institutions going through the banking crisis and set up his own establishment in Panama.[3] Escotet founded Banesco. In 2000, merged Banco Union with his company.[3][1] He owns other branches in Miami, Panama, Colombia, Curaçao, the Dominican Republic and Puerto Rico.[3]
In 2015, Escotet acquired NCG Banco, the current Abanca in Spain.[4]
References
- "Forbes profile: Juan Carlos Escotet". Forbes. Retrieved 13 March 2022.
- "ABANCA - Shared Values". www.abancacorporacionbancaria.com. Retrieved 2 April 2018.
- 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.