Pope Francis appointed Cardinal Tagle as a member of APSA
Pope Francis had recently appointed Cardinal Luis Antonio Tagle as a member of the Administration of the Patrimony of the Apostolic See (APSA or Amministrazione del Patrimonio della Sede Apostolica).
CBCP News reported that Pope Francis appointed Cardinal Tagle as well as Cardinal Peter Kodwo Appiah Turkson to the post on Monday.
The Administration of the Patrimony of the Apostolic See acted as the equivalent of a treasury and also oversaw real estate holdings and other sovereign assets.
In addition, the office headed by Italian Bishop Nunzio Galantino also administered payroll and operating expenses for Vatican City.
The Administration of the Patrimony of the Apostolic See had around a hundred employees and collaborators, and a commission of 8 cardinals who worked alongside the president.
In a report on Manila Bulletin, Pope Francis had recently brought under the control of APSA the financial investments and real estate holdings owned by the Secretariat of State — the central administration of the Vatican.
It was last February 2020 when Cardinal Tagle assumed his post as the Prefect of the Congregation for the Evangelization of Peoples. Months after, Pope Francis elevated him to the order of “cardinal bishops” — the highest rank within the College of Cardinals.