DPA
Pope Francis has appointed four high-profile investment bankers to a new investment committee set up to ensure the ethical nature of the church’s investments, the Vatican announced on Tuesday.
The committee was set up under a new constitution, called the Praedicate Evangelium (Proclaim the Gospel), that went into force on Sunday for church agencies. Under the Praedicate Evangelium, the committee will be made up of members appointed for five-year terms.
They are to ensure the ethical nature of the Vatican’s equity investments, “in accordance with the church’s social doctrine” while also observing criteria of profitability, suitability, and moderate risk.
The four members of the Committee are: Jean Pierre Casey of RegHedge, a British investor; Giovanni Christian Michael Gay of Germany’s Union Investment Privatfonds; David Harris of Norway’s Skagen Funds; and John J Zona, investment officer of Boston College in the US.
Francis has recently reformed the appointments process for church authorities, making it possible for women to sit in senior posts long reserved to men.
Following revelations of a huge loss on luxury London property between 2014 and 2018, the pope has moved to reorganize Vatican investment policy.
WHO warns ‘sustained transmission’ of monkeypox risks vulnerable groups
Published by Reuters LONDON (Reuters) – The World Health Organization said “sustained transmission” of monkeypox worldwide could see the virus begin to move into high-risk groups, like pregnant women, immunocompromised people and children. WHO said on …Read More »
U.S. Supreme Court expands state power over tribes in win for Oklahoma
Published by Reuters By Lawrence Hurley WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday widened the power of states over Native American tribes and undercut its own 2020 ruling that had expanded Native American tribal authority …Read More »
Ginni Thomas’ lawyer wants to know what Jan. 6 probe wants from his client
Published by Reuters By Doina Chiacu WASHINGTON (Reuters) – A lawyer for Virginia “Ginni” Thomas has dimmed prospects for a quick appearance before congressional investigators probing the Jan. 6 Capitol riot, asking what they want from …Read More »
U.S. steps up fight against monkeypox, allocates more vaccines to states
Published by Reuters By Julie Steenhuysen and Jeff Mason CHICAGO/WASHINGTON (Reuters) -The U.S. government is ramping up efforts to staunch the spread of monkeypox by sending hundreds of thousands of vaccine doses to states in the …Read More »