Anshu Jain, former co-CEO of Deutsche Bank, has died

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NEW YORK (AP) — Anshu Jain, former co-CEO of Deutsche Bank, has died, his family said in a statement Saturday. He was 59 years old.

Jain passed away after a battle with duodenal cancer, which he was diagnosed with in 2017.

Jain served as co-CEO of Deutsche Bank from 2012 to 2015, where he helped develop the firm’s global capital markets business. As co-CEO with Jürgen Fitschen, he was the first non-European to lead the…

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NEW YORK (AP) — Anshu Jain, former co-CEO of Deutsche Bank, has died, his family said in a statement Saturday. He was 59 years old.

Jain passed away after a battle with duodenal cancer, which he was diagnosed with in 2017.

Jain served as co-CEO of Deutsche Bank from 2012 to 2015, where he helped develop the firm’s global capital markets business. As co-CEO with Jürgen Fitschen, he was the first non-European to lead the German bank. Prior to that, he was appointed to the board of Deutsche Bank in 2009 and led the corporate and investment banking division from 2010.

“Anshu Jain has played a key role in expanding Deutsche Bank’s position in our global business with corporate and institutional investors,” said Alexander Wynaendts, Chairman of Deutsche Bank’s Supervisory Board. “Today it is of strategic importance not only for Deutsche Bank, but for Europe as a financial centre.”

After leaving Deutsche Bank, Jain served as chairman of New York-based financial services company Cantor Fitzgerald from 2017 until his death.

Cantor Fitzgerald CEO Howard Lutnick said Jain “was the consummate professional who brought a wealth of experience and wisdom to his role as chairman.”

He began his career as a derivatives research analyst at Kidder, Peabody & Co., then joined Merrill Lynch, where he spent seven years building and then leading the global derivatives hedging group. company hedge funds.

Jain was born in Jaipur, India in January 1963. He earned an MBA from the University of Massachusetts, Amherst. He was a lifelong vegetarian and enjoyed wildlife photography, cricket and golf, according to his family’s statement.

He is survived by his wife, Geetika, his mother and two children.

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