François Pauly has been elected as the next president of the supervisory board for the Institute for the Works of Religion, the official name for the financial institution commonly known as the Vatican Bank, according to a March 2026 announcement. [2] His appointment, effective April 28, 2026, will see him lead the seven-member panel responsible for the bank’s strategic oversight and compliance with international financial standards. [2]
Online commentators and social media users have seized upon Pauly’s former role as general manager of the Edmond de Rothschild group, a private banking arm of the Rothschild family, to fuel claims of a ‘deep state’ or ‘Illuminati’ influence over the Catholic Church. [1] Vatican officials have not publicly commented on the speculation, which links the appointment to long-standing conspiracy theories about secret societies controlling global finance and institutions. [2]
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