In July 2008, when the threat of mass redundancies hung over the capital markets divisions of most investment banks, UniCredit was hiring. Mike Hammond, co-head of capital markets at UniCredit, appointed Christian Steffens as global head of equity capital markets (ECM). Mr Steffens was then at Anglo-German corporate finance advisor Sietz and Partner and had previously headed Lehman Brothers' German and Austrian ECM and equity-linked teams until 2002.
