As equity capital markets (ECM) dusted themselves off in the wake of this year’s Covid crash, convertibles issuance boomed. The new-look ECM team at UniCredit has been increasingly prominent in this market, climbing into the top five in the European equity-linked league table.
“We thought at the start of the crisis that this wasn’t going to be a great year, that markets would go into hibernation,” says Jana Hecker, UniCredit's global head of ECM. “Instead, we have been running at 200% capacity.”
