Jean-Baptise de Franssu, new president of Vatican Bank IOR, attends a news conference at the Vatican July 9, 2014. The Vatican said on Wednesday it will separate its bank's investment business from its Church payments work to try to clean up after years of scandal including allegations of money laundering and tax evasion. French businessman Franssu was named as the new head of the bank, officially known as the Institute for Works of Religion (IOR), succeeding German lawyer Ernst Von Freyberg, who has run the bank since February 2013. REUTERS/Tony Gentile (VATICAN - Tags: BUSINESS RELIGION PROFILE TPX IMAGES OF THE DAY)