The son of Venezuelan banker Escotet dies in an accident in Florida

Miami, Mar 15 Juan Carlos Escotet Alviárez, son of Juan Carlos Escotet, owner of Venezuelan bank Banesco and president of Spaniard Abanca, died from a boat propeller hit in the Florida Keys, local media in Miami reported Tuesday. The accident occurred last Saturday in waters near Ocean Reef Club, a select development located in northern Cayo Largo, about 66.8 miles (107 kilometers south of Miami). According to the Univision channel, 31-year-old Escotet went out to sea to help his fiancée, Andrea Montero, who had fallen into the water from the boat on board which they were participating in a fishing tournament. He was hit by the propeller and died instantly, according to the channel. His fiancée, Andrea Montero, 30, years old, whom Escotet Alviárez was going to marry next November, suffered a blow when she fell from the ship v was rescued by an agents of the Florida Wildlife and Fisheries Commission (FWC). Escotet Alviárez, a graduate of the University of Miami, was the director of Banesco International Corporation and had extensive experience in South Florida real estate development, according to Banesco's US website. He was the youngest of the three children of 62-year-old Juan Carlos Escotet, whose fortune is valued at 3.5 billion dollars, according to Forbes magazine. Escotet is the founder and owner of Banesco, a financial institution created in Venezuela and with operations in Germany, Brazil, the United States, France, Mexico, Panama, Portugal, the United Kingdom and Switzerland. In 2013, through Banco Echeverría, Escotet acquired Nova Caixa Galicia at public auction, which brought together practically all of the former Galician savings banks and was privatized after a “painful process of sanitation”, as he recalled when in 2019 it opened the first US branch of Abanca, the resulting bank. CHIEF ar/rrt