[5] Velutini was educated at The American School in England (UK), La Scuola Americana in Svizzera (Switzerland), and at the Central University of Venezuela (graduated in 1990).

[11][12] His family tree includes José Herrera Uslar, Venezuelan ambassador to Sweden, who in 1950 promoted the adoption of children orphaned by World War II.

Herrera Uslar organized the transfer of 1,000 orphaned refugee children from Switzerland who would arrive in the country in batches of 50 and would be taken to the colony of Catia La Mar, where they would remain while being adopted by Venezuelan families.

Also, noteworthy is José Antonio Velutini Ron, Venezuelan military officer, politician and diplomat, who served as Congressman, President of State, Ambassador, Minister and Vice-President of the Republic at the beginning of the 20th century.

In 2016, the Bancrédito Group expanded with the acquisition of Consultiva Wealth Management,[20] an investment advisory firm registered and regulated by the Securities and Exchange Commission (SEC), located in Puerto Rico and New York.

In August 2022, Herrera Velutini was accused of illegally financing former governor Wanda Vázquez Garced's election campaign[21] based on a quantitative and qualitative survey commissioned in 2020 to the private company City Group London to study the pre-electoral panorama in Puerto Rico.