German Named New Head of Vatican Bank

Financial Times
February 15, 2013

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The Vatican has named Ernst von Freyberg, a German lawyer, as the new head of the Vatican bank, filling a position that has remained vacant since its previous president was abruptly dismissed last May.

The appointment of Mr von Freyberg on Friday was confirmed by a commission of five cardinals that oversees the bank and was fully backed by Pope Benedict XVI, the Vatican said in a statement.

Filling the vacancy was seen as one of the most important acts to be completed by the pontiff before he renounces the papacy at the end of the month. ...

Mr von Freyberg, 55, is a member of the sovereign military order of Saint John of Jerusalem of Rhodes and of Malta. He speaks four languages. “He is a well introduced person in the Church world, in which he is very active,” said Father Lombardi.