German named new head of Vatican bank

VATICAN CITY
Financial Times

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.

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