Finance
Commerzbank’s Orlopp Lays Out Goals in First Meeting With Orcel
- Top officials from the two banks met virtually on Friday
- UniCredit has built 21% position in German bank this month
Commerzbank to Meet UniCredit Friday for Talks
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Commerzbank AG Chief Executive Officer-designate Bettina Orlopp laid out her strategy to UniCredit SpA’s top leadership in their first substantive meeting since the Italian lender took a large stake.
Orlopp explained in a virtual meeting on Friday how she intends to boost the performance of the lender, which on Thursday raised profitability and payout targets, people familiar with the matter said. The meeting, which also included UniCredit CEO Andrea Orcel, was intended to be the first one in a dialog between the two parties, according to one person.