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Commerzbank announced on Tuesday that its new chief executive will be Bettina Orlopp, who is expected to fight off an attempted takeover of the German bank by Italy’s UniCredit.

Orlopp, currently Commerzbank’s chief financial officer, will replace current chief executive Manfred Knof “in the near future,” Germany’s second-biggest lender said.

Commerzbank said this month that Knof would not seek another term after his contract expires at the end of 2025.

People familiar with Orlopp’s thinking told the Financial Times that he does not favor a relationship with UniCredit, which has positioned itself to become Commerzbank’s largest shareholder with a 21% stake, subject to regulatory approval. The Italian bank currently owns a 9 percent stake.