The chief investment officer of the University of Notre Dame has been named to the Board of Superintendence of the Vatican Bank. The university says Scott Malpass has been advising the Holy See on banking reforms initiated by Pope Francis.
The bank is known officially as the Institute for Works of Religion. It is governed by the seven-member board, to which Malpass was named by the Cardinals Commission of Vigilance of the IOR, along with European bankers Javier Marin Romano and Georg Freiherr von Boeselager.
"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 John Jenkins. "The pope has placed enormous and well-deserved confidence in Scott’s integrity and investment acumen. Notre Dame could not be prouder."
Malpass has served as CIO of Notre Dame since 1989. A Notre Dame graduate, Malpass is also a concurrent assistant professor of finance in the Mendoza College of Business at the university.