Vatican bank names new director

Feb. 15, 2013 at 1:11 PM

VATICAN CITY, Feb. 15 (UPI) -- The Vatican on Friday named German lawyer Ernst von Feyberg director of the Vatican Bank and said retiring Pope Benedict XVI had approved of the appointment.

The Vatican Bank has been without a director since Ettore Gotti Tedeschi was fired last May by a panel of five cardinals, Adnkronos International reported.

Gotti Tedeschi was ousted for failing to restore the bank's reputation after a money laundering scandal. He and a bank deputy were also investigated for money laundering.

Ansa reported that Gotti Tedeschi and the bank's board disagreed on issues connected to a move to join a list of financially transparent countries, the so-called "white list."

Von Freyberg, 55, is a member of the Sovereign Military and Hospitaller Order of St John of Jerusalem, of Rhodes and of Malta and the co-leader of the Association for Pilgrimages to Lourdes of the Archdiocese of Berlin, the Italian news agency ANSA reported.

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