Pope appoints senior bankers to Vatican investment committee

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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 observi…

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