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Former Deutsche Bank Co-CEO Anshu Jain dies

Anshu Jain, a fomer co-CEO of Deutsche Bank, has died, in accordance with a statement by his family on Saturday

NY — Anshu Jain, a former co-CEO of Deutsche Bank, has died, his family said in a statement Saturday. He was 59.

Jain died following a struggle with duodenal cancer, which he was identified as having 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 alongside Jrgen Fitschen, he was the initial ever non-European to lead the German bank. Before that, he was appointed to Deutsche Banks Management Board in 2009 and ran the organization and investment bank division from 2010.

Anshu Jain played an integral role in expanding Deutsche Banks position inside our global business with companies and institutional investors,” said Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank. Today, that is of strategic importance not only for Deutsche Bank, but also for Europe as a financial center.

After leaving Deutsche Bank, Jain served as president 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 an abundance of experience and wisdom to his role as president.

He began his career being an analyst in derivatives research at Kidder, Peabody & Co., then moved to Merrill Lynch, where he spent seven years establishing and running the firms global hedge fund coverage group.

Jain was created in Jaipur, India, in January 1963. He received an MBA at the University of Massachusetts, Amherst. He was a lifelong vegetarian and loved wildlife photography, cricket and golf, in accordance with his family’s statement.

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

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