Leo XIV Appoints Former Rothschild Director to Preside Vatican Bank

[Stone]

Leo XIV Appoints Former Rothschild Director to Preside Vatican Bank

gloria.tv | March 27, 2026

The Institute for the Works of Religion (IOR), commonly known as the Vatican Bank, has appointed François Pauly as president of its supervisory board. The move is approved by The Cardinals' Commission, in accordance with the IOR’s statutes.

François Pauly will succeed Jean-Baptiste Douville de Franssu, who led the bank for 12 years, after the April 28 board meeting.

Pauly has worked in the European financial sector for more than three decades. He currently serves as Chairman of La Luxembourgeoise, a Luxembourg-based insurance group.

From June 2021 to 2023, Pauly held senior executive responsibilities at the Edmond de Rothschild Bank in Switzerland. He served as CEO and chaired the executive committee. In this role, he contributed to the group’s broader international activities.

This was during a time of transition for the group following Benjamin de Rothschild's death in 2021.

Pauly has prior experience with Vatican-related financial bodies. Between 2017 and 2021, he served as a member of the board of the troubled Vatican pension fund.