Paul Browne | December 25, 2016
University of Notre Dame Vice President and Chief Investment Officer Scott C. Malpass has been named a member of the board of the Vatican Bank.
Known officially as the Institute for Works of Religion (IOR), the bank is governed by a seven-member Board of Superintendence. In addition to Malpass, European bankers Javier Marin Romano and Georg Freiherr von Boeselager were named to the board on Thursday by the Cardinals Commission of Vigilance of the IOR.
Malpass has been advising the Holy See on banking reforms initiated by Pope Francis since the first months of his pontificate.
“The appointment comes at a time when Pope Francis is more determined than ever to make the Vatican Bank a financial engine for good works around the world,” Notre Dame President Rev. John I. Jenkins, C.S.C., said. “The pope has placed enormous and well-deserved confidence in Scott’s integrity and investment acumen. Notre Dame could not be prouder.”
“I am honored to serve the Cardinals Commission of the IOR and the Holy Father in this important assignment that assists religious organizations all over the world,” Malpass said. “I am looking forward to meeting my fellow board members in the new year and working with them and the dedicated staff of the IOR on this important ministry for the Church.”
Malpass is responsible for investment of the University’s endowment, working capital, pension and life income assets of some $10.4 billion as of the fiscal year ended June 30, 2016. The Notre Dame endowment is the 12th largest in American higher education and the largest at a Catholic university.
Having served as chief investment officer since 1989, Malpass works closely with the investment committee of the University’s Board of Trustees in partnering with the most sophisticated investment management organizations throughout the world. The Notre Dame endowment has achieved top-tier investment performance over both short- and long-term time periods.