Bettina Orlopp is to replace Manfred Knof 'in the near future'. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval.

Commerzbank AG is looking to speed up the process to replace Chief Executive Officer Manfred Knof as it contends with a possible takeover approach by rival UniCredit SpA.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateTo Build a Happier City,