Vatican bank starts headhunting for new chief

VATICAN CITY
Reuters

By Philip Pullella

VATICAN CITY, June 27 (Reuters) – The board of the Vatican bank met on Wednesday to start the hunt for a new president to replace Ettore Gotti Tedeschi, who was unceremoniously ousted last month.

The Vatican said the board, which is made up of outside lay experts, had met to “identify the universally recognised criteria of professionalism and experience” needed for the job.

The board includes Carl Anderson, the American head of the international charity group Knights of Columbus, Ronaldo Hermann Schmitz, formerly a top executive at Deutsche Bank, Manuel Soto Serrano of Banco Santander and Antonio Maria Marocco, a prominent Italian notary.

Former Bundesbank head Hans Tietmeyer has denied Italian media reports that he was a candidate to become the next head of the bank, officially known as the Institute for Works of Religion (IOR).

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