German financier Ernst von Freyberg was named the new president of the Vatican bank on Friday, ending a long vacancy after his predecessor at the secretive institution was unceremoniously sacked. Von Freyberg, a trained lawyer, is chairman of the Blohm + Voss shipyard in Hamburg in northern Germany and an active member of the Knights of Malta. From 1991 until 2012 he was chief executive of Frankfurt-based Daiwa Corporate Advisory, a consultancy mainly for financial institutions.