The IOR announces appointment of Giovanni Boscia as next Director

By Vatican News

The Institute for the Works of Religion (IOR) announced on Wednesday that Giovanni Boscia has been appointed as the next Director General and will assume the position on 1 October.

Boscia will succeed Gian Franco Mammì, who, after eleven years of service, will conclude his term upon reaching the mandatory retirement age. 

Mammì will remain in office until 30 September 2026.

The appointment was decided by the Institute’s Board of Superintendence and approved by the IOR’s Supervisory Cardinals’ Commission, and as noted in the IOR’s press release announcing the appointment, “reflects a governance structure based on a clear distinction between supervisory, governing and management responsibilities, designed to ensure transparency and stability.”

Giovanni Boscia, 55, joined the IOR in 2019 as Head of Finance and CFO. In 2021, he also took charge of Asset Management as Head of Investments, and since 2023 he has served as Deputy Director General.

He has thirty years of experience in international financial markets at leading institutions, including Salomon Brothers, Citigroup, RBS, and Credit Suisse First Boston.

His career has unfolded primarily in London, where he worked at leading investment banks and later served as a Senior Portfolio Manager for alternative funds.

Before joining the IOR, Boscio was Head of Fixed Income & Credit at Quaestio Capital SGR. He graduated with honours from Bocconi University and earned a Master’s degree in Finance and an Executive MBA from London Business School, in addition to professional qualifications including CFA, CAIA, and FRM.