Cardenal Farrell

Pope Francis Institutes Vatican’s Investments Committee Headed by Cardinal Kevin Farrell

The Holy Father’s choice for this Committee is Cardinal Kevin Farrell, Prefect of the Dicastery for the Laity, Family and Life

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Written by: Valentina di Giorgio


(ZENIT News / Vatican City, 07.06.2022).- The Constitution that reforms the Roman Curia came into force on Sunday, June 5, Solemnity of Pentecost. It was hoped in past days, or at least on the eve of its coming into force, that the heads of the new Dicasteries would be published. However, a few days later, the names are still unknown of those that will head the greater part of the reformed Curia. 

An appointment that is known, however, is that made by the Pontiff on Tuesday, June 7. It regards the Investments Commission, an organism mentioned in the new Constitution for the Roman Curia, specifically in Article 227, which states: 

Article 227

  • 1. The Investments Committee is responsible for guaranteeing the ethical character of the Holy See’s real estate investments in keeping with the Social Doctrine of the Church and, at the same time, its profitability, adequacy and risk.
  • 2. According to its Statute, the Committee is made up of members and top-level professionals appointed for five years by the Roman Pontiff. It is directed by a President, assisted by a Secretary. 

The President chosen by Pope Francis for this Committee is Cardinal Kevin Farrell, Prefect of the Dicastery for the Laity, Family and Life. Also appointed as members of the Committee are Dr Jean Pierre Casey, Founder and Administrator Delegate of RegHedge (Great Britain); Dr Giovanni Christian Michael Gay, Management Director of Union Investment Privatfonds GmbH (Germany); Dr David Harris, Portfolio Manager of Skagen Funds (Norway) and Dr John J. Zona, Responsible for Investments of Boston College (USA). 

The announcement of the creation of this Commission, as well as its composition, was made the same day as the Institute of Works of Religion (IOR – “Vatican Bank”) published its results for 2021. 

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