Anshu Jain, an Indian-born funding banker who rose to the function of co-CEO at Deutsche Bank, died final night time after an extended battle with most cancers, his household introduced in a press release Saturday. He was 59 years outdated.
Jain, who most just lately served because the president of Cantor Fitzgerald, earned an MBA at the College of Massachusetts-Amherst and labored at a number of monetary corporations, together with Merrill Lynch, earlier than transferring to Deutsche Bank. He served as co-CEO from 2012 to 2015.
Jain stepped down from his function at Deutsche earlier than his contract ended after the financial institution was beset by a string of regulatory points.
His different positions included a job as an advisor at fintech firm SoFi from 2016 to 2017 and as a trustee of British charity Likelihood to Shine.
“He believed in hard work, meritocracy, operating outside of expectations or conventional boundaries, placing family first, standing by one’s roots (having turned away many attempts to Westernize him in an industry that was often homogenous), in speaking ‘at the margin’ rather than delivering plain facts, in wit and wordplay, in being nonmaterialistic, and in the importance of having broad-bandwidth and being a ‘scholar-athlete,'” his household stated in a press release.
“We are grateful to the many people who cared for Anshu throughout his life. For us, his legacy is tenacity, honour, and love,” the assertion stated.
Howard Lutnick, the CEO of Cantor Fitzgerald, additionally launched a press release about Jain’s passing.
“Anshu was the consummate professional who brought a wealth of experience and wisdom to his role as President. He will be remembered as an extraordinary leader, partner, and dear friend who will be greatly missed by all of us and by all who knew him,” Lutnick stated. “On behalf of all our partners and employees, we extend our deepest sympathies to Anshu’s family and wish them peace and healing during this difficult time.”
Correction: This text has been up to date to delete a reference to Ajit Jain, who isn’t associated to Anshu Jain.
