(AP) NEW YORK — Anshu Jain, a former co-CEO of Deutsche Bank, passed away, according to a statement released by his family on Saturday. He was 59.
Jain, who was diagnosed with duodenal cancer in 2017, passed away after fighting the disease.From 2012 to 2015, Jain served as Co-CEO of Deutsche Bank, where he contributed to the expansion of the company's global capital markets division. He was the first non-European to serve as Co-CEO with Jürgen Fitschen of the German bank. Prior to that, he headed the corporate and investment bank division at Deutsche Bank beginning in 2010. He was selected to the management board of the bank in 2009.According to Alexander Wynaendts, chairman of the supervisory board at Deutsche Bank, "Anshu Jain played a vital role in expanding Deutsche Bank's position in our global business with enterprises and institutional investors." "Today, not only for Deutsche Bank but also for Europe as a financial hub, this is of strategic importance."
From 2017 till his passing in 2018, Jain led the financial services firm Cantor Fitzgerald in New York after leaving Deutsche Bank.
Jain "was the ultimate professional" who "added a plethora of knowledge and wisdom to his post as president," according to Howard Lutnick, CEO of Cantor Fitzgerald.
At Kidder, Peabody & Co., he started his career as a derivatives research analyst. He later transferred to Merrill Lynch, where he spent seven years establishing and then leading the company's worldwide hedge fund coverage group.
In January 1963, Jain was born in Jaipur, India. At the University of Massachusetts, Amherst, he earned an MBA. According to a statement from his family, he was a lifetime vegetarian and had a passion for wildlife photography, cricket, and golf.
His mother, wife Geetika, and their two children will all miss him dearly.
[zombify_post]
0 Comments