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Francisco D'Agostino

Francisco D’Agostino
President & Managing Director
Founder of Element Capital, Mr. D’Agostino is a Boston College graduate with a B.S. in Economics and Finance. Started his career as Finance VP of Dayco Holding Corp, his family’s real estate investment company with over US$300 million in assets primarily in Florida, Colorado and Venezuela. In 2000 on behalf of Cartera de Inversiones Venezolanas C.A., a private equity investment firm with over US$7 billion in assets, Mr. D’Agostino acquired Banco Noroco, a small commercial bank. Merged the bank with a mortgage broker company obtaining a full retail bank license and renamed it Norvalbank. In 2003 after Norvalbank grew from US$70 million in assets to US$500 million, Mr. D’Agostino again merged the bank with Banco Occidental de Descuento (BOD). When the merger was completed, Mr. D’Agostino founded the private banking division for BOD. Today BOD’s private banking division manages over US$1 billion in assets. Mr. D’Agostino currently sits in the Board of Directors of Banco Occidental de Descuento (BOD) and CA de Seguros La Occidental (CASLO); Venezuela’s largest financial conglomerate. Mr. D’Agostino also sits on the advisory board for The Enclave Foundation in Venezuela. This non-profit organization designed and manages a music program for low-income schools graduating hundreds of children every year.