By Daily Mail Reporter PUBLISHED: 01:41 EST, 27 February 2014 | UPDATED: 03:43 EST, 27 February 2014 Princess Madeleine, the youngest child of the King of Sweden, and her husband, American banker Christopher O'Neill, have named their daughter Leonore Lilian Maria. The name of the latest addition to the Swedish royal family was formally announced at a cabinet meeting held at the Royal Palace in Stockholm on Wednesday. The infant princess, who was born Feb. 20 in New York, was also given the title of Duchess of Gotland. Scroll down for video HRH Princess Leonore Lilian Maria, the newborn daughter of Princess Madeleine and her U.S. husband Christopher O'Neill, photoed sleeping at the Royal Palace in Stockholm
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Sweden's Princess Madeleine and her American banker husband Christopher O'Neill's baby daughter was born on Thursday in NYC
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The baby has been named Leonore Lilian Maria and she has the title of Duchess of Gotland
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Princess Leonore, the second grandchild of the king and queen, is officially fifth in line to the Swedish throne
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The baby will be christened in the royal palace church in Stockholm sometime this summer
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Her second name Lilian is believed to be in honor of Princess Lilian, who died in March 2013 at the age of 97
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She was born the daughter of a Welsh coal miner, who had to wait more than 30 years to finally marry Prince Bertil of Sweden in 1976
They married in 1976 and remained together until @placeholder's death in 1987.