Former co-CEO of Deutsche Bank, Anshu Jain, dies

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

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

Jain was co-CEO of Deutsche Bank from 2012 to 2015, where he helped build the firm’s global capital markets business. As co-CEO together with Jürgen Fitschen, he was the first non-European ever to lead the German bank. Prior to that, he was appointed to Deutsche Bank’s executive board in 2009 and ran the corporate and investment banking division from 201[ads1]0.

“Anshu Jain 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. “Today, this is of strategic importance not only for Deutsche Bank, but for Europe as a financial center.”

After leaving Deutsche Bank, Jain served as president of New York-based financial services firm 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 president.”

He began his career as a derivatives research analyst at Kidder, Peabody & Co., then moved to Merrill Lynch, where he spent seven years setting up and then running the firm’s global hedge fund coverage group.

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

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