Governance

The IOR’s governance structure was defined in IOR’s revised Statutes of 1990. It consists of five elements: Cardinals’ Commission, Prelate, Board of Superintendence, Directorate and Board of Auditors.
On 24 June 2013, the Holy Father appointed a Pontifical Commission to the IOR, whose purpose is to gather all relevant information on the Institution’s operations and present the results to the Holy Father.

Cardinals' Commission

Cardinals’ Commission, appointed in January 2014 by the Holy Father for a period of five years.
Cardinal Santos Abril y Castelló
President of the Cardinals' Commission
Archpriest of the Papal Basilica of St Mary Major
Cardinal Santos Abril y Castelló
President of the Cardinals' Commission
Archpriest of the Papal Basilica of St Mary Major
Cardinal Santos Abril y Castelló is the Archpriest of the Papal Basilica of St Mary Major since November 2011. He has been made Cardinal Deacon of San Ponziano in February 2012, and has been Vice-Camerlengo of the Holy Roman Church since January 2011. He entered the diplomatic service of the Holy See in 1967, serving as secretary at the nunciatures in Pakistan and in Turkey. He went on to serve in Argentina as well as various Balkan and Central African countries. He was appointed titular Archbishop of Tamada in April 1985 and received episcopal ordination in June 1985. At the same time, he was nominated apostolic nuncio in Bolivia. He studied at the Pontifical Ecclesiastical Academy, the Pontifical University of Saint Thomas Aquinas and the Pontifical Gregorian University after being ordained a priest in March 1960 in the diocese of Teruel. He is a member of the Congregation for the Causes of Saints, the Congregation for the Evangelization of Peoples and the Congregation for Bishops. Santos Abril y Castelló was born on September 21, 1935 in Alfambra, Spain.
Cardinal Thomas Christopher Collins
Archbishop of Toronto
Cardinal Thomas Christopher Collins
Archbishop of Toronto
Cardinal Thomas Christopher Collins is the Archbishop of Toronto since December 2006. He was made Cardinal Priest of Saint Patrick in February 2012 and he ordained a priest in May 5, 1973. In 2008, he was elected president of the Ontario Conference of Catholic Bishops. Between 2001 and 2006, Cardinal Collins served as Archbishop of Edmonton. Having received episcopal ordination in May 1997, he was made Bishop of Saint Paul in Alberta in June. He served as rector of Saint Peter’s Seminary, Ontario, president of the National Theological Commission of the Bishops’ Conference, president of the National Commission for Ecumenism, president of the Conference of Bishops of Alberta and president of Saint Joseph’s College Board of Governors at the University of Alberta. Cardinal Thomas Collins is a member of the Congregation for Catholic Education and the Pontifical Council for Social Communications. He studied at the Pontifical Bible Institute and received a doctorate in theology from the Pontifical Gregorian University. He was born on January 16, 1947 in Guelph, Ontario, Canada.
Cardinal Pietro Parolin
Titular Archbishop of Acquapendente and Secretary of State
Cardinal Pietro Parolin
Titular Archbishop of Acquapendente and Secretary of State
Cardinal Pietro Parolin was born in Schiavon (Italy) on January 17, 1955. He was ordained as a priest on April 27, 1980 in Vicenza, his diocese of origin and, after spending several years at the pastoral ministry, he began studying law. He completed his studies in 1986, graduating with a Degree in Canon Law from the Pontifical Gregorian University and a diploma in Diplomatic Sciences from the Pontifical Ecclesiastical Academy, where he had begun studying in 1983. Joining the Diplomatic Service of the Holy See in 1986, he offered his services at the Apostolic Nunciatures in Nigeria and Mexico, and, for 17 years, in the Section for Relations with States of the Secretariat of State, later becoming Undersecretary (2002-2009). In August 2009, he was appointed Titular Archbishop of Aquipendium and Apostolic Nuncio to Venezuela. In August 2013, he was made Secretary of State by His Holiness Pope Francis, who has also invited him to join the College of Cardinals in the Papal Consistory on February 22, 2014.
Cardinal Christoph Schönborn
Archbishop of Vienna
Cardinal Christoph Schönborn
Archbishop of Vienna
Cardinal Christoph Schönborn, O.P., was born on January 22, 1945 in Skalken, Bohemia. In 1991, he was appointed titular Bishop of Sutri and Auxiliary of Vienna and has been Archbishop of Vienna since September 1995. He also serves as Ordinary for the faithful of the Byzantine rite in Austria. He was made Cardinal Priest of Gesù Divin Lavoratore in 1998. Since 1998, he has been President of the Austrian Bishops’ Conference. In 1963, he joined the Dominican Order, studying Philosophy, Psychology, and Theology in Walberberg near Bonn, Regensburg, Vienna and Paris. He was ordained as priest in 1970 and completed a doctorate in Paris 1974. From 1975 to 1991, he was professor for Catholic Dogmatic Theology in Fribourg (Switzerland). From 1980 to 1995, he was member of the International Theological Commission and from 1987 to 1992 editing secretary of the Catechism of the Catholic Church. Cardinal Schönborn is a member of the congregations for the Doctrine of the Faith, for the Oriental Churches and for Catholic Education. He also serves on the pontifical councils for Culture, for Promoting New Evangelization and on the XIII Ordinary Council of the Secretariat General of the Synod of Bishops. He has been a member of the International Commission of Theologians since 1980 and the Pro Oriente foundation since 1984.
Cardinal Jean-Louis Tauran
President of the Pontifical Council for Interreligious Dialogue
Cardinal Jean-Louis Tauran
President of the Pontifical Council for Interreligious Dialogue
Jean-Louis Cardinal Tauran was born on 5 April 1943, in Bordeaux, France. He received his education for the priesthood at the Gregorian University, where he obtained a license in Philosophy and Theology. Ordained to the priesthood in September 1969, he served as parochial vicar in Bordeaux, beginning, at the same time, his studies in Canon Law at the neighboring Institut Catholique in Toulouse. In 1973, he returned to Rome and joined the Pontifical Ecclesiastical Academy for training for the Pontifical Diplomatic Corps. After having defended his doctoral thesis in Canon Law at the same Gregorian University, he entered the diplomatic service as Secretary of the Apostolic Nunciature in the Dominican Republic and later served in the Apostolic Nunciature in Lebanon. In 1983, he was called to the Vatican and joined the Council for Public Affairs of the Church and for many years he represented the Holy See at the Organization for Security and Cooperation in Europe. 

In 1988, he was appointed Undersecretary of the Council for the Public Affairs of the Church (now known as the Section for Relations with States of the Secretariat of State). On 6 January 1991, he was consecrated as titular Archbishop of Telepte and appointed as Secretary of the same Council. He has led the Holy See Delegation at numerous international conferences.
On 21 October 2003, Cardinal Tauran was appointed cardinal deacon in the consistory and received the red biretta and the deaconry of Saint Apollinare alle Terme Neroniane-Alessandrine. On 24 November of the same year, he was named Archivist and Librarian of the Holy Roman Church. Since the 25 June 2007, Cardinal Jean-Louis Tauran is President of the Pontifical Council for Interreligious Dialogue.

The Cardinals’ Commission meets at least twice a year to review accounts, which are externally audited under international accounting standards (IAS). It reviews reports on major business processes and strategy presented by the President of the Board of Superintendence. It also oversees adherence to statutory norms and appoints the members of the Board of Superintendence.

Prelate

Prelate appointed by the Cardinals’ Commission with the approval of the Holy Father:
Msgr. Battista Mario Salvatore Ricca
Appointed ad interim
Msgr. Battista Mario Salvatore Ricca
Appointed ad interim
Msgr. Battista Mario Salvatore Ricca has been with the Section for Relations with States of the Secretariat of State since 2009. He worked at the Section for General Affairs of the Secretariat of State between 2005 and 2009, prior to which he served the Nunciatures of Congo, Algeria, Colombia, Switzerland, Uruguay, and Trinidad & Tobago from 1989 to 2005.
Msgr. Ricca studied at the Pontifical Ecclesiastical Academy from 1985 to 1989. He was ordained as a priest in Brescia in 1980, and was Parochial Vicar in that city until 1985.
Msgr. Ricca was born in Brescia on 22 January 1956.

The Prelate acts as secretary of the meetings of the Cardinals’ Commission and attends the meetings of the Board of Superintendence.

Board of superintendence

Board of Superintendence of five appointed members nominated for five years.
Ernst von Freyberg
President of the IOR Board of Superintendence
Ernst von Freyberg
President of the IOR Board of Superintendence
Ernst von Freyberg was nominated President of Istituto per le Opere di Religione in February 2013. He co-founded what later became the Close Brothers GmbH, a Corporate Finance firm based in Frankfurt / Germany and served from 1991 - 2012 as its CEO. Prior to that he worked from 1988 to 1991 in New York and London as analyst for Three Cities Research, an investment firm. Ernst von Freyberg is the Chairman of Blohm+Voss Group and a member of the Supervisory Board of Malteser Deutschland GmbH. After completing his military service Ernst von Freyberg read law in Munich and Bonn and was admitted to the bar in Ulm in 1988.
Ronaldo Hermann Schmitz
Vice President of the IOR Board of Superintendence
Ronaldo Hermann Schmitz
Vice President of the IOR Board of Superintendence
Dr Ronaldo H. Schmitz was appointed Vice President of the IOR Board of Superintendence in 2009. Dr Schmitz held various executive positions including Member of the Advisory Board (2000-2005) and Member of the Group Board in charge of Global Investment Banking and North America (1990-2000) at Deutsche Bank AG, as well as Chief Financial Officer and Member of the Group Board at BASF AG (1980-1990). In addition, Dr Schmitz has held various non-executive positions at a number of institutions, including Member of the Boards of Directors at Cabot Corporation (since 2001) and Rohm and Haas Co. (1992-2009), as well as Member of the Group Boards at Legal & General Plc (2001-2010) and GlaxoSmithKline Plc (1997-2009). He currently serves as Member of the Advisory Board at Bankhaus B. Metzler (since 1986) and Member of the Supervisory Board at Sick AG (since 2005). Having graduated in business administration, Dr Schmitz gained an MBA from INSEAD, Fontainebleau, France, and his Doctorate from Cologne University, Germany. He took his baccalauréat at Colégio Santo Inácio in Rio de Janeiro in 1957. Dr. Schmitz was born in Porto Alegre, Brazil, on 30 October 1938.
Carl A. Anderson
Non-executive Member of the IOR Board of Superintendence
Carl A. Anderson
Non-executive Member of the IOR Board of Superintendence
Since 2000, Carl Anderson has served as Supreme Knight (CEO and chairman of the board) of the Knights of Columbus, a volunteer charitable organization of nearly 2 million Catholic men listed among Fortune magazine’s largest 1000 corporations for its life insurance program. From 1987 to 2000, he served as vice president and later as corporate secretary of the Knights of Columbus. Previously, Mr. Anderson served in various governmental offices including at the White House as special assistant to President Ronald Reagan and as a member of the United States Commission on Civil Rights. Since 1988, he has been vice president of the Pontifical John Paul II Institute for Studies on Marriage and Family where he has taught family law at both the Rome and Washington, D. C. sessions. He is currently vice chairman of the Board of Trustees of the Catholic University of America. He is a member of the Pontifical Academy for Life, the Pontifical Council for the Family and the Pontifical Council for the Laity. He is the author of five books and holds degrees in philosophy from Seattle University and in law from the University of Denver. In 2009, he was appointed a member of the IOR Board of Superintendence. He was born February 27, 1951.
Antonio Maria Marocco
Non-executive Member of the IOR Board of Superintendence
Antonio Maria Marocco
Non-executive Member of the IOR Board of Superintendence
Antonio Maria Marocco has been member of the IOR Board of Superintendence since 2011, and is member of the Board of Directors of Reale Immobili S.p.A. and La Stampa. On December 3rd 2012 he has been appointed as President of the Turin Saving Banks Foundation. Antonio Maria Marocco has been working in the notarial profession from 1967 until 2009. Previously, he has been working as a lawyer. He has held various positions including that of member of the Board of Directors of the Banca San Paolo Imi, Reale Mutua di Assicurazioni and Audit Committee of IFIL S.p.A. Besides, he has been member of the Board of Directors of Unicredit S.p.A., where he also held the position of President of the Supervisory Board. Antonio Maria Marocco was founding member and President of the National Association of the Knights Grand Cross, and became Honorary President of the Association in 2013. He was nominated in 1961 as President of the National Association of Carabinieri, a position which he held for forty years before becoming Honorary President. He graduated at the University of Turin in 1957 and is author of several publications on legal and fiscal issues. Antonio Maria Marocco was born in Rivoli (Turin) on September 15th 1934. He is married and has two daughters.
Manuel Soto Serrano
Non-executive Member of the IOR Board of Superintendence
Manuel Soto Serrano
Non-executive Member of the IOR Board of Superintendence
Manuel Soto has been member of the Board of Banco Santander (1999-2013), discharging 4th Vice-Chairman's responsibilities for more than ten years. He has also been Vice-Chairman of Indra Sistemas (1999-2011). Both, Santander and Indra, successfully carried out international expansion strategies during those years. Previously, he had worked for Arthur Andersen for over 38 years, where he held several top management positions including Managing Partner for EMEA, Latam and India, and was the first non American elected as Chairman of the World Partner Council. He presently serves in various Boards of Directors. Manuel Soto graduated in Accounting, Economics and Business Administration at the Madrid University, Spain. He was born 1940 in Madrid.

The Board of Superintendence meets up to six times a year. It defines strategy and ensures oversight of operations. The mandate of the members of the Board of Superintendence expires in December 2015.

Directorate

The Directorate, appointed by the Board of Superintendence and approved by the Cardinals’ Commission, is responsible for the operational activities of the Institute and is accountable to the Board of Superintendence. 

As of 30 November 2013, the Directorate is composed of
Rolando Marranci
General Director
Rolando Marranci
General Director
Rolando Marranci was appointed General Director of IOR on 30 November 2013. From 1980 to 2011, he worked for the Banca Nazionale del Lavoro (BNL), occupying a number of executive positions: he was responsible for the Foreign Branches Department in the Head Office/General Accounts and between 1988 and 2003 held the positions of Financial Controller and then C.F.O. at the London Branch. In 2003 he was appointed Administrative Director of MULTISERVIZI, the information technology company of BNL Group. In 2005, he became Head of Consolidated Financial Statements of BNL Group. He also held the position of Head of the Accounts Control Department for the Head Office and Italian branches. Born in Reggello on 28 March 1953, he is married and has three children.

The Chief Risk Officer is responsible for overseeing compliance and special projects. This position was newly created on 1 July 2013.

Board of Auditors

Board of Auditors of three members appointed by the Board of Superintendence for a maximum period of three years:

  • Massimo Spina, President of the IOR Board of Auditors
  • Rodolfo Molinuevo Orue
  • Pierluigi Bernasconi

The Board of Auditors reports to the Board of Superintendence. It is responsible for the internal audit of the IOR’s books on a quarterly basis. In addition, the Board of Auditors reviews the annual financial statements.

Pontifical Commission

On 24 June 2013, the Pope set up a Pontifical Commission that is charged with drawing up an exhaustive report of the status and activities of the IOR. Its task is to carry out inquiries and present the Holy Father with a report of findings in view of possible reform. No deadline has been set for the final report.

The Commission consists of five members:

  • Cardinal Raffaele Farina, President
  • Cardinal Jean-Louis Pierre Tauran, Member
  • Bishop Juan Ignacio Arrieta Ochoa de Chinchetru, Coordinator
  • Monsignor Peter Bryan Wells, Secretary
  • Professor Mary Ann Glendon, Member