All the names of the Vatican Investment Committee
Who are the members (and where they work) of the new Investment Committee of the Holy See chaired by Cardinal Kevin Joseph Farrell
On Tuesday, June 7, the Vatican announced the establishment of an Investment Committee, chaired by Cardinal Kevin Joseph Farrell, 74, from the United States and prefect of the Dicastery for the Laity, Family and Life.
THE REFORM OF THE ROMAN CURIA
The organism is foreseen by article 227 of the apostolic constitution Praedicate evangelium of last March, the one with which Pope Francis established the reform of the Roman Curia, the administrative apparatus of the Holy See (a sort of government, simplifying).
The Investment Committee, explains Avvenire , is one of the six economic bodies envisaged by the Praedicate evangelium . The others are the Council for the Economy, the Secretariat for the Economy, the Administration of the Patrimony of the Apostolic See, the Office of the Auditor General and the Commission for Reserved Matters.
WHAT IS THE INVESTMENT COMMITTEE FOR?
In article 227, the apostolic constitution explains that the Investment Committee has the function of "guaranteeing the ethical nature of the Holy See's investments in accordance with the social doctrine of the Church and, at the same time, their profitability, adequacy and risk". The statute of the Committee has not yet been published, but the body is made up of "members and high-profile professionals appointed for five years by the Roman Pontiff" and is "chaired by a president, assisted by a secretary": the identity of the latter is not known at the moment.
THE MEMBERS OF THE COMMITTEE
The members of the Investment Committee, alongside President Farrell, are the following: Jean Pierre Casey, John Christian Michael Gay, David Harris and John J. Zona. None of them are Italian.
Jean Pierre Casey, British, is the founder and CEO of RegHedge, an investment firm that uses artificial intelligence to guide trading operations. Previously, he was director of investment units at JP Morgan and Edmond de Rothschild and worked for Azure Wealth and Barclays. He is also visiting professor at the College of Europe (where he teaches the structure, functioning and regulation of European financial markets) and coordinator for the United Kingdom of the Centesimus Annus Pro Pontifice Foundation.
Giovanni Christian Michael Gay is managing director of Union Investment Privatfonds GmbH: it is an investment management company active in Germany, part of the Union Investment group (linked, in turn, to the large German bank DZ Bank).
David Harris is portfolio manager of SKAGEN Funds, a Norwegian equity fund part of Storebrand Asset Management, but independent. Harris previously worked as an analyst at Labrusca.
John J. Zona is investment manager of Boston College, a private university in Massachusetts, United States.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/comitato-investimenti-santa-sede/ on Wed, 08 Jun 2022 10:11:49 +0000.