Juan Carlos Escotet

Juan Carlos Escotet Rodríguez (born 1959) is a Spanish-Venezuelan billionaire banker and the founder of Banesco.

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 61–62)
Madrid, Spain
NationalitySpanish
Venezuelan
EducationUniversidad Catolica Andres Bello
University of Miami
OccupationBanker
Known forFounder, Banesco
Net worth$ 3.4 billion (February 2020)[1]
Spouse(s)María Isabel Alviárez
Children5
RelativesMiguel Angel Escotet
Websitehttp://www.juancarlosescotet.org/

Escotet Rodríguez is chairman of Banesco Banco Universal; principal director of Banesco Seguros Panamá, Banesco S.A. (Panama), Banesco Banco Múltiple, S.A. (Dominican Republic) and Banesco USA (Florida); and president of Abanca (Spain).

Early life

Juan Carlos Escotet was born in Madrid in 1959.[2] Escotet, one of eight immigrant children from Spain, 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.[1][2]

Career

Following his schooling, Escotet worked as an executive for Sociedad Financiera Latinoamericana, working towards 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 Panama establishment.[3] Escotet founded Banesco and 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, he acquired NCG Banco, the current Abanca in Spain.[4]

References
  1. "Forbes profile: Juan Carlos Escotet". Forbes. Retrieved 4 February 2019.
  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.


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