A senior funding banker who acted as a monetary adviser to former Wirecard boss Markus Braun has left her job at UniCredit following revelations concerning the enterprise relationship.
Jana Hecker has left UniCredit, the Italian financial institution instructed the Monetary Instances, confirming a employees memo despatched late on Tuesday that stated Luca Falco, head of worldwide syndicate and capital markets, was taking over her position as head of fairness capital markets on an interim foundation “with instant impact”.
Hecker declined to remark. She had beforehand labored at Goldman Sachs and Deutsche Financial institution and joined UniCredit final March.
Final yr, Hecker helped to rearrange loans on behalf of Braun’s household workplace within the run-up to Wirecard’s collapse. The work was separate from her job at UniCredit.
Particulars of the association had been reported by the FT on Friday. She by no means obtained an anticipated €790,000 charge on account of Wirecard’s collapse weeks later, in response to individuals briefed on the main points.
Between February and Could 2020, she suggested the previous Wirecard chief government on the refinancing of €110m in loans that Deutsche Financial institution wished to terminate. On this capability, she interacted with Wall Avenue banks and personal fairness corporations on Braun’s behalf, billing a complete of 156 hours of labor.
Hecker charged Braun a day price of €5,000 and a success-related payout, in response to paperwork reviewed by the FT. Her work led to 2 loans with tiny German lender Oldenburgische Landesbank and an funding fund managed by German entrepreneur Oliver Samwer, chief government of Rocket Web.
In an electronic mail to Braun’s sister Marlies Braun on June 1 final yr after the profitable refinancing, Hecker pointed to her contractual settlement with the household workplace that entitled her to about €100,000 in fastened pay and a performance-related bonus of between €510,000 and €870,000.
An electronic mail Marlies Braun despatched to her brother two days later recommended a cost to Hecker of about €790,000 for the work carried out.
Braun had beforehand labored with Hecker whereas she was employed by Deutsche, the place she helped arrange his margin mortgage from the lender.