Governance

As announced by the Secretariat for the Economy on 9 July 2014, the IOR governance structure has been renewed.
This section is currently being updated according to these changes.

Cardinals' Commission

Cardinal Santos Abril y Castelló
President of the Supervisory Commission of Cardinals
Archpriest of the Papal Basilica of St Mary Major
Cardinal Santos Abril y Castelló
President of the Supervisory Commission of Cardinals
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
Secretary of State
Cardinal Pietro Parolin
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.
Cardinal Josip Bozanic
Archbishop of Zagreb
Nomination formalized upon completion of the current review of the Institute’s Statute
Cardinal Josip Bozanic
Archbishop of Zagreb

Josip Bozanić is currently an observer for Croatia at the ComECE (Commission of the Bishops' Conferences of the European Community).  In the Vatican he is a member of the Congregation for Divine Worship and the Discipline of the Sacraments, the Congregation for Catholic Education,  the Pontifical Council for the Laity, the Pontifical Council for Promoting the New Evangelization and the Pontifical Council for Social Communications. In 2001, he was chosen to serve as the first Vice President of the Council of European Bishops’ Conferences and served a second term in this position from 2006 to 2011.

Ordained to the priesthood in 1975 in Krk, Josip Bozanić was appointed secretary to the bishop the same year. In May 1989, Pope John Paul II appointed him bishop coadjutor of Krk.  He served as the bishop coadjutor until November 1989, when he became the diocesan bishop of Krk. In 1997, he was appointed the Archbishop of Zagreb.  The same year, he was elected as the President of the Croatian Bishops' Conference. In 2002, he was re-elected as President of the Croatian Bishops' Conference and served until October 2007.

Josip Bozanić graduated from the Catholic Faculty of Theology in Zagreb with a master of theology in dogmantics in 1979. He also graduated with a licentiate in Canon Law from the Pontifical Lateran University in Rome. Josip Bozanić of Zagreb was born on 20 March 1949 in Rijeka.

Prelate

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.

Board of superintendence

Jean-Baptiste Douville de Franssu
President
Jean-Baptiste Douville de Franssu
President

Jean-Baptiste Douville de Franssu is the President of the Istituto per le Opere di Religione since July 2014.

He is also the Chairman of INCIPIT, an M&A advisory and consulting  firm.

Up to the end of October 2011 he was Chief Executive Officer of Invesco Europe and a member of the Invesco Worldwide management committee where he led the firm successful expansion across Europe since 1990.

Before joining Invesco, Jean-Baptiste was a Director of Groupe Caisse des Dépôts et Consignations in France, and prior to this a Financial Editor at INVESTIR magazine.

Jean-Baptiste is a graduate of the ESC Group Business School in Reims, France and holds a BA in European Business Administration from Middlesex University in the UK. He also holds a postgraduate degree in Actuarial Studies from Pierre and Marie Curie University in Paris.

In June 2007 he was elected Vice-President of the European Fund and Asset Management Association (EFAMA) and in June 2009, President of EFAMA. His mandate ended in June 2011. In 2009 he was Elected European fund industry personality of the year by Funds EUROPE magazine. He has, over the years, contributed to many publications, industry working groups and seminars on issues relating to regulation and supervision of asset management activities in Europe and the US.

Jean-Baptiste is non-executive director of TAGES LLP, PETERCAM S.A.,  CARMIGNAC Gestion S.A. and ACOFI SCA  and. In March 2014 he was named by Pope Francis  on the newly created Council for the Economy for the administrative and financial structures and activities of the dicasteries of the Roman Curia, the institutions linked to the Holy See, and the Vatican City State ; he resigned from this council in September 2014 after his nomination as President of the Istituto per le Opere di Religione. He also seats on the board of European and US charities.

He is married and has 4 children.

Dr. Clemens Börsig

Dr. Clemens Börsig
Dr. Clemens Boersig is chairman of the Deutsche Bank Foundation and he was chairman of the supervisor board of Deutsche Bank AG from 2006 to 2012.

Dr. Boersig is member of the supervisory boards of Bayer AG, Daimler AG, Linde AG and member of the board of directors at Emerson Electric Company.

Dr. Boersig held various executive positions including Member of the Management Board at Robert Bosch GmbH (1990-1997), Chief Financial Officer and Member of the Group Board at RWE AG (1997-1999), Chief Financial and Chief Risk Officer and Member of the Group Board at Deutsche Bank AG (2000-2006).

Dr. Boersig holds a degree in business administration and mathematics and a PhD degree (Dr. rer. pol.) from Mannheim University. He is a honorary professor at Ludwig-Maximilians-University, Munich.

Dr. Boersig was born on July 27, 1948 in Achern/Baden, Germany and is married.

Prof. Mary Ann Glendon

Prof. Mary Ann Glendon
Mary Ann Glendon is the Learned Hand Professor of Law at Harvard University and a former U.S. Ambassador to the Holy See. She chairs the Holy See’s Select Committee on Legal Matters in the United States and in 2013 was appointed by Pope Francis to the Commission of Reference charged with the duty of studying the IOR and making recommendations for its future. She was President of the Pontifical Academy of Social Sciences from 2004 to 2014, and has represented the Holy See at various international conferences including the 1995 U.N. Women's conference in Beijing where she headed the Vatican delegation. She is a member of the American Academy of Arts and Sciences and a past president of the UNESCO-sponsored International Association of Legal Science.









Sir Michael Hintze

Sir Michael Hintze

Sir Michael is a businessman, philanthropist and former Australian army officer who has over 30 years’ experience in global financial markets both as a markets practitioner and in the formulation of governance in financial markets. He is the Founder, Chief Executive and Senior Investment Officer of CQS, one of Europe’s leading multi-strategy asset management firms. Prior to establishing CQS in 1999, Sir Michael held senior positions at leading global financial institutions including CSFB (1996-1999) and Goldman Sachs (1984 -1996). He began his career at Salomon Brothers in 1982. Sir Michael has been a member of a number of finance industry committees including the Markets Development Committee of the London Stock Exchange, as well as having participated on committees at LIBA and ISMA. More recently, he is a Founder Trustee of the Hedge Fund Standards Board and in 2014 was appointed by the Australian government to the International Advisory Panel of Australia’s Financial System Inquiry.

Since its inception in 2005, the Hintze Family Charitable Foundation has provided funding to over 200 charities. Major donations have, amongst others, provided funding to The Natural History Museum in the UK, the Sculpture and Medieval and Renaissance galleries at the Victoria & Albert Museum, Trinity Hospice in south London, established the chair of International Security at the University of Sydney and enabled the restoration of Michelangelo’s frescoes in the Pauline Chapel at the Vatican. He is also a Trustee of the UK’s National Gallery.

Sir Michael holds a BSc in Physics and Pure Mathematics and a BEng in Electrical Engineering both from the University of Sydney. He also holds an MSc in Acoustics from the University of New South Wales, an MBA from Harvard Business School and received a Doctor of Business and an Honoris Causa from the University of New South Wales.

Mauricio Larraín

Mauricio Larraín
Mauricio Larraín is External Director of Santander Bank Group Chile and General Director of the ESE Business School from the Los Andes University of Chile. He has served as the Santander Bank Group Chile’s Chairman and General Director from 1992 until 2014 and has been President of Santander Chile Holding S.A. and Universia Chile S.A. from 2000 until 2014. During this period, Santander Bank Group Chile was chosen as the Best Bank in Latin America in six different years by the América Economía Magazine. Before joining Santander, Mauricio Larraín was Senior Finance Specialist at the World Bank in Washington D.C., Manager of External Debt at the Central Bank of Chile and Deputy Superintendent of Banks of the Superintendence of Banks of Chile. He was awarded several prizes for his executive achievements. In 2008, he received the Estrategia Newspaper Award for Best Executive. In 2007, he was selected among the 3 Best Executives and Managers of Chile by Adimark GfK/La Segunda Newspaper, and in 2004, he was chosen as one of the 10 Best Executives of Chile in 20 years by the newspaper La Tercera of the Pontifical Catholic University of Chile. Mauricio Larraín holds degrees in Law and Economics (candidate) from the Pontifical Catholic University of Chile and a degree in Law from Harvard University. Born on 31 July 1950, he is married and has six children.
Carlo Salvatori

Nomination formalized upon completion of the current review of the Institute’s Statute
Carlo Salvatori
Carlo Salvatori serves as President of the investment bank Lazard Italy since June 2010 and of the insurance company Allianz SpA since May 2012. Furthermore, he is member of the Board of Directors of the Università Cattolica del Sacro Cuore, of the Bambino Gesù Children’s Hospital, of Chiesi Pharmaceuticals and of the Riso Gallo Group and he also is President of the Christian Union of Business Executives’ Milanese section. Carlo Salvatori assumed various high-rank executive positions in the Italian banking industry: Among others, he served as Managing Director of Unipol Gruppo Finanziario, as President of UniCredit and as Vice President of Mediobanca. He also was Managing Director and CEO of Banca Intesa, of Cariplo and of Banco Ambrosiano Veneto as well as Central Director of BNL. Furthermore, he served as Chairman of the Supervisory Board of Bank Austria in Vienna, and as Board member of HypoVereinsbank in Munich, Germany. Carlo Salvatori holds a degree in Economy and Commerce from the University of Bologna, a degree in Banking from the University of Siena and received a Honoris Causa degree in Political Sciences from the University of Macerata. He was born in Sora (Frosinone, Italy) on 7 July 1941, is married and has three children.
Msgr. Alfred Xuereb
Non-voting Secretary
Nomination formalized upon completion of the current review of the Institute’s Statute
Msgr. Alfred Xuereb
Non-voting Secretary
Born in Victoria, Gozo (Malta) on 14 October 1958, Alfred Xuereb studied philosophy and theology at the Major Seminary in Gozo and was ordained as a priest on 26 May 1984 for the Diocese of Gozo. During his first years of priesthood, when serving the Diocese of Rome, he gained a diploma and a PhD in Theology, specialising in Spirituality, from the Pontifical Institute "Teresianum" with a thesis on “The Easter mystery in Christian Life”.

Among the various functions carried out, he served at the Parish of the Nativity of Our Lord Jesus Christ, and at the Parish of the Blessed Sacrament and taught Religion at the teaching schools at the Official Institute of the Franciscan Missionary Sisters of the Sacred Heart.

From 1991 to 1995, he was the private secretary to the Rector of the Pontifical Lateran University (Rome) and also Extraordinary Confessor at the Pontifical Roman Major Seminary.

From 1995 to 2000, during his time as an Official at the State Secretariat, First Section, he took part in two short missions of the Apostolic Nunciature of Ottawa in Canada. In 2000, he was appointed as an Official of the Prefecture of the Pontifical Household in the Secretariat of His Excellency the Prefect.

For several years, Mons. Xuereb also offered spiritual support at the Saints Peter and Paul Association in the Vatican. Following his appointment as an Honorary Prelate, from 2003 to 2007 he also worked for the Prelate Office of the Pontifical Antechamber.

On 11 September 2007, the Holy Father Pope Benedict XVI called him to work in his Private Secretariat. Pope Francis chose him as his Private Secretary, entrusting him with the role of Delegate of the Holy Father for the Pontifical Referring Commission for the Institute for the Works of Religion (CRIOR) and the Pontifical Commission for Reference on the Organisation of the Economic-Administrative Structure of the Holy See (COSEA).

Following the Apostolic Letter issued motu proprio “Fidelis Dispensator et Prudens”, Pope Francis appointed Mons. Alfred Xuereb as the Secretary General of the Secretariat for the Economy.

Mons. Xuereb speaks Italian, English, German, French and Portuguese fluently.

Directorate

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.

Board of Auditors

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

  • Mario M. Busso, President of the IOR Board of Auditors
  • Rodolfo Molinuevo Orue
  • Pierluigi Bernasconi