Vatican Bank Names Salvatori, Larrain to Board in Revamp
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The Vatican Bank named Lazard Ltd.’s Italy Chairman Carlo Salvatori and Banco Santander SA’s Mauricio Larrain to the board as it completes an overhaul of lender’s governance.
The appointments add “significant financial experience and global perspective at a time when the role of IOR is being reinforced,” the bank, formally known as IOR, or Institute for the Works of Religion, said in an e-mailed statement today.