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Billionaire banker sets up family office

One of the world’s richest bankers has set up a family office to manage his and his family’s fortune. 

Juan Carlos Escotet, the Spanish-Venezuelan banker, who founded Venezuela’s biggest privately-owned banking group in terms of assets, Banesco, has created the Escotet Family Office, based in Madrid, according to local media reports. He also owns a regional bank in Spain. Escotet Family Office is based on Calle de Claudio Coello, in Madrid’s richest central district, Salamanca, according to reports.

Escotet’s fortune is estimated by Forbes at $3.5 billion, making him the 565 richest individuals in the world. 

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