The chairman of an absolute-return money management firm is among those chosen by the Vatican to study the organizational process behind the Holy See's economic activities.
Jean-Baptiste de Franssu, chairman of Tages Capital LLP, London, and past president of the European Fund and Asset Management Association until 2011, was appointed to the eight-member Pontifical Commission for Reference on the Economic-Administrative Structure of the Holy See. Also on the panel is George Yeo, former finance minister of Singapore; the Finance Ministry operates GIC Private Ltd. and Temasek Holdings, the country's sovereign wealth funds.
The committee will “offer the technical support of specialist advice and develop strategic solutions for improvement” to avoid misuse of economic resources, improve transparency and to “work with ever greater prudence in the financial sphere,” according to a statement from the Vatican's Secretary of State office.
The commission will report to Pope Francis.