Commerzbank's CFO Bettina Orlopp Takes Charge of UniCredit Merger Talks

Commerzbank's CFO Bettina Orlopp will lead merger talks with UniCredit, which has acquired a 9% stake in the German bank. The decision, pending approval at next week's supervisory board meeting, comes despite Commerzbank management's opposition to a takeover. CEO Manfred Knof recently announced his plans to step down.

Commerzbank is set to have its CFO, Bettina Orlopp, lead negotiations with UniCredit, according to sources close to the situation. The supervisory board of the German bank will finalize this decision in a meeting next week.

UniCredit recently acquired a 9% stake in Commerzbank, signaling its interest in a potential merger. However, Commerzbank management remains opposed to a takeover, though they are obliged to enter talks.

CEO Manfred Knof, who announced his resignation effective at the end of 2025, casts doubt on his role in these negotiations. Commerzbank, a central figure in the German economy, continues to face strategic decisions as it navigates these developments.

(With inputs from agencies.)