"Gerald Causse, a high-ranking official in The Church of Jesus Christ of Latter-day Saints who oversaw a global temple building boom under its previous president, became the faith's newest apostle on Thursday. Causse, 62, joins an all-male governing body called the Quorum of the Twelve Apostles, which sits just under the president and two top counselors, and helps set church policy while overseeing the faith's many business interests."
"The faith known widely as the Mormon church does not disclose or discuss its finances, but the latest filings from its investment arm, Ensign Peak Advisors Inc., valued its portfolio at $58 billion. Causse has at times been the official tasked with defending the church's secrecy surrounding its finances, saying in 2020, We really consider those funds as belonging to the Lord."
Gerald Causse, 62, became an apostle in The Church of Jesus Christ of Latter-day Saints and joined the Quorum of the Twelve Apostles. The Quorum is an all-male governing body that sits beneath the church president and two counselors and helps set church policy while overseeing extensive business interests. Causse oversaw a global temple building boom and brings experience in managing the church's finances. The church does not publicly disclose detailed financials, but filings from its investment arm, Ensign Peak Advisors Inc., valued its portfolio at $58 billion. Causse has defended the church's financial secrecy, saying the funds are considered belonging to the Lord. He fills a vacancy after a recent death.
Read at www.independent.co.uk
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