Wolfgang Sprissler, chief financial officer of German bank HVB, is expected to be confirmed as its next chief executive later this month, succeeding Dieter Rampl, who becomes chairman of the bank's new owner, Italy's UniCredit group.

The bank is set to carry out a wide-ranging management reshuffle following the departure at the weekend of Christine Licci, head of retail and private client business and Stefan Jentzsch, head of investment banking.