Juan Carlos Escotet

Juan Carlos Escotet Rodríguez is a Spanish-Venezuelan billionaire banker and the founder of Banesco. Escotet Rodríguez is chairman of Banesco Banco Universal; principal director of Banesco Seguros Panamá, Banesco S.A., Banesco Banco Múltiple, S.A. and Banesco USA; and president of Abanca.

  • Juan Carlos Escotet is the founder of Caracas-based banking group Banesco.
  • Banesco is operational in Panama, the Dominican Republic, Puerto Rico, Colombia and the United States.
  • In 2013, Banco Etcheverria, which Escotet bought for around $90 million in 2012, purchased Spanish bank Abanca for $1.3 billion.
  • Escotet began working as a messenger for Banco Union when he was 17 while studying economics. In 1986, he founded a brokerage.
  • He added banking services in 1991, and in 2001, he merged his bank with Banco Union.