NEW YORK (AP) — Anshu Jain, a former chief executive of Deutsche Bank, has died, his family said in a statement Saturday. He was 59 years old.
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 to lead the German bank. Before that, he was appointed to the Board of Directors of Deutsche Bank in 2009 and headed the corporate and investment banking division since 2010.
“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 the Supervisory Board 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 chairman 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 chairman.”
He began his career as a derivatives research analyst at Kidder, Peabody & Co., then moved to Merrill Lynch, where he spent seven years building and leading the firm’s global hedge fund hedging 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 enjoyed wildlife photography, cricket and golf, his family said in a statement.
He is survived by his wife, Geetika, his mother and two sons.