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German lender Commerzbank appointed finance boss Bettina Orlopp as its new chief executive on Tuesday as UniCredit’s move for the bank was given a hostile reception in Germany. Orlopp, 54, will replace Manfred Knof “in the near future,” a statement said. “An ideal succession solution has been found at the top of Commerzbank,” said Jens Weidmann, chairman of the supervisory board. “Especially in the current situation, clear responsibilities are crucial. My great thanks go to Manfred Knof, without whose assertiveness and strategic vision the bank would not be as successful as it is today.” At th…

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