IOR president stepping down after 12 years

Jean-Baptiste de Franssu, will step down on April 28 after a final meeting to approve the bank’s financial statements from the previous year.

The Institute for Works of Religion’s board has elected a new president, marking a turnover in leadership at the top of the Vatican bank for the first time in more than a decade.

Jean-Baptiste de Franssu, president of the IOR. Pillar file photo.

The IOR announced March 25 that the long-serving president of the bank’s Board of Superintendence, Jean-Baptist…