Pope Francis transfers financial administration out of Secretariat of State

Vatican City, Nov 5, 2020 / 07:00 am (CNA).- Pope Francis has requested that responsibility for financial funds and real estate assets, including a controversial London property, be transferred out of the Vatican’s Secretariat of State.

The pope asked for the management and administration of the funds and investments to be given instead to APSA, which functions as the Holy See treasury and sovereign wealth manager, and also administers payroll and operating expenses for Vatican City.