In the reorganization of the Vatican finances under Opus Dei that got underway in 1989, a new five-member supervisory board of “lay experts” was set up at the IOR. Its president was Angelo Caloia, head of the Mediocredito Lombardo bank. The vice president was Philippe de Weck. The other three were Dr. José Sánchez Asiaín, former chairman of Banco Bilbao; Thomas Pietzcker, a director of the Deutsche Bank; and Thomas Macioce, an American businessman. The new managing director of the IOR was Giovanni Bodio, also from Mediocredito Lombardo.
