The pope appoints Tagle to the group that manages Vatican funds

Cardinal Luis Antonio Tagle will hold another post in the Vatican, in addition to that of prefect of the Congregation for the Evangelization of Peoples.

According to the news site of the Bishops’ Conference of the Philippines (CBCP), Pope Francis on Monday appointed the Filipino cardinal as a member of the Patrimony Administration of the Apostolic See (APSA), which manages the Vatican central bank.

The office acts as the equivalent of a treasury and also oversees real estate holdings and other sovereign assets. It also administers the management fees and payroll for the Vatican City.

The APSA is currently led by the Italian bishop Nunzio Galantino with a hundred employees and collaborators and a commission of eight cardinals.

Pope Francis recently brought financial investments and real estate owned by the Secretariat of State, the central administration of the Vatican, under the control of the APSA.

Cardinal Peter Kodwo Appiah Turkson, prefect of the Dicastery for Promoting Integral Human Development, is also appointed as a member of the body.

Tagle assumed his current office in February 2020. Three months later, the Holy Father elevated him to the order of “cardinal bishops”, the highest rank within the College of Cardinals.

It is from the ranks of cardinal bishops that the dean of cardinals is elected. The dean presides over the conclave in the event of a “vacant see”, a period in which there is no pope.

In July 2020 he was also appointed a member of the Pontifical Council for Interreligious Dialogue.

Tagle is also president of Caritas Internationalis, a confederation of Catholic charities around the world. He is serving his second and final term.