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Juan Carlos Escotet
Spanish-Venezuelan banker From Wikipedia, the free encyclopedia
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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 well as president of Spanish football club Deportivo de La Coruña.[1] As of July 2025, his reported net worth is estimated at US$7.8 billion.[2]
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Early life
Escotet was born in Madrid, Spain in 1959[3] as one of eight immigrant children from Spain. He began his work life performing errands for Banco Union in Venezuela in 1976 during which he also attended night school.[4]
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.[2][3]
Career
After earning his MBA, Escotet worked as an executive for Sociedad Financiera Latinoamericana and then creating his own financial group.[4] 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.[4] 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.[4][2] He owns other branches in Miami, Panama, Colombia, Curaçao, the Dominican Republic and Puerto Rico.[4]
In 2015, Escotet acquired Spain-based NCG Banco, which was later renamed Abanca.[5]
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Personal life
Escotet is married, with four children, and lives in A Coruña, Spain.[2]
References
External links
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