Commerzbank approaches CFO to speed up fight against UniCredit

Commerzbank AG is close to naming a new chief financial officer, a crucial appointment as the lender looks to accelerate a strategic realignment and fend off a possible takeover by UniCredit SpA.

The German lender's nomination committee is scheduled to meet on Monday to choose a final candidate, people familiar with the matter said. A formal decision on the next CFO will likely be made at a full board meeting later this month, they said, adding that the timeline could still change.