The Vatican has announced appointments to the investment committee

The Vatican has announced the appointment of four members to the new Investment Committee, which seeks to ensure the ethical nature of investment in shares in the Holy See.

From a staff reporter for Vatican News

The Holy See’s press office announced on Tuesday the establishment of the Investment Committee and the appointment of its members.

The Investment Committee is provided for in Article 227 of the Apostolic Constitution Proclaim the gospelwhich went into effect on Sunday.

It will be chaired by Cardinal Kevin Joseph Farrell, Prefect of the Dicastery for the Laity, Family and Life.

The four members of the committee are: Jean-Pierre Casey, founder and CEO of RegHedge (UK); Giovanni Christian Michael Gay, Managing Director of Union Investment Privatfonds GmbH (Germany); David Harris, portfolio manager at Skagen Funds (Norway); and John J. Zone, Chief Investment Officer of Boston College (United States).

According to Proclaim the gospelThe Committee, composed of high-ranking professionals appointed for a five-year term, is called upon to ensure the ethical nature of the Holy See’s capital investment, in accordance with the Church’s social doctrine and the criteria of profitability, suitability and moderate risk. profitability, adequacy and moderate risk). ”

Here are brief biographies of the four members of the committee:

Jean-Pierre Casey (Great Britain)

Founder and CEO of RegHedge, a hybrid fintech-regtech startup that uses artificial intelligence to draw meaningful insights from government policy. He has previously held senior investment positions in leading banks, as Managing Director and Head of Investment for Emerging Markets at JP Morgan Private Bank in London, Head of Investment (Europe) at Edmond de Rothschild, where he was a member of the Global Investment Committee and Head of investment advice (international) at Barclays Wealth. He oversaw the management of the investment of billions of dollars of assets in these roles. He is also a visiting professor in the Department of Economics at the College of Europe in Bruges, having previously been an advisor to ESMA, the regulator of pan-European financial markets, and has published two books and a number of articles on financial regulation. He is the British coordinator of the Fondazione Centennial for the pontiff.

Giovanni Christian Michael Gay (Germany)

Since 2004, Mr. Gay has been Managing Director of Union Investment Privatfonds GmbH and Head of Retail Business of Union Investment Group, Asset Manager of the Cooperative Financial Network in Germany. He is also a member of the Risk Management Committee and the Executive Committee. Giovanni Gay began his career in 1993 at Banco Santander in Frankfurt. He previously studied business administration at the University of Cologne.

David Harris (Sweden)

Portfolio manager and partner in SKAGEN Funds, part of Storebrand, with extensive experience in global stock markets and active sustainable investment. He took the Executive Value Investing program at Columbia Business School and holds a degree in systematic theology.

John J. Area (USA)

Chief Investment Officer at Boston College overseeing $ 4 billion in university donations, long-term debt management and real estate acquisitions. He has a doctorate. in the higher education administration of the Lynch School of Education and Human Development, where he serves as a practice teacher. He holds CFA status and is a chartered accountant.

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