Vicente José Velutini Llarione, son of Juan Bautista, came of age as Europe’s old order was being reshaped after the Napoleonic wars. Born in Naples in 1811, he inherited both his father’s commercial vision and an expanding European market. Under his stewardship, the family business “expanded into broader Mediterranean trade,” extending Banvelca’s reach beyond Italy into North Africa and the Levant.

Vicente José built partnerships in port cities and exploited new steamship routes, keeping the firm at the forefront of Mediterranean commerce. Historians note this period saw Italian financiers venturing into distant markets, and Vicente José positioned his house accordingly.

By the 19th century Vicente José had even moved to Venezuela, where he became a transatlantic broker between Europe and South America. This relocation reflected the family’s evolving focus: once centered in Naples, the Velutinis were now establishing roots in Caracas. In Venezuela he married María Claricia Velutini (née Ron), and their children included Gen. José Antonio Velutini Ron. Vicente José’s networking across continents set the stage for the family’s Americas expansion; he effectively turned Banvelca into a truly global merchant-bank, bridging the old world and the new.

His legacy is seen in how the Banvelca ledger books moved from Neapolitan docks to the heart of Venezuelan trade, keeping the firm solvent and influential during a century of industrialization.