Vatican City, Jun 15, 2020 / 07:05 am
Pope Francis Monday appointed Fabio Gasperini, an Italian financial adviser working at Ernst & Young, to the second-ranking position at the Administration of the Patrimony of the Apostolic See (APSA).
This is the first time in its history that the secretary of APSA will be a layperson. Gasperini fills the position following the end of the five-year term of Msgr. Mauro Rivella in April.
Gasperini is well known in the banking and finance world, with 25 years’ experience advising financial services institutions across a broad range of areas, from retail banking to asset management, investment banking, insurance, and capital markets.
For 16 years, he has been president of financial business advisory services at Ernst & Young, one of the largest professional services firms in the world.
CNA first reported Gasperini’s possible appointment June 12.
Very early in his career, after graduating from Rome's La Sapienza University with a degree in business economics and commerce, Gasperini worked in the administration of Vatican City State.
APSA, which operates like the Vatican’s central bank, oversees real estate holdings and other sovereign assets.
Bishop Nunzio Galantino is president of APSA. In addition to Secretary Gasperini, there is an undersecretary, an official for management control, and 13 offices and services.