Pope Francis announced the first appointments Tuesday under his newly reformed Vatican bureaucracy, tapping a trusted cardinal and outside financial experts to serve on a new investment committee.Cardinal Kevin Farrell, who leads the Vatican’s laity office and is also the “camerlengo” who runs the Vatican in between pontificates, will head the committee assisted by four experts from Britain, Germany, Norway and the U.S., the Vatican said in a note.Among other things, Francis’ new reform calls for the creation of an investment committee to guarantee “the ethical nature of the Holy See’s securities investments according to the church’s social doctrine and at the same time their profitability, adequacy and risks.”
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