HomeFinanceFormer Deutsche Bank co-CEO Anshu Jain dies at 59 | NEWSRUX

Former Deutsche Bank co-CEO Anshu Jain dies at 59 | NEWSRUX

Jain Anshu, President of Cantor Fitzgerald seems on CNBC’s Squawk on the Avenue on the 2020 World Financial Discussion board in Davos, Switzerland on Jan. twenty second. 2020.

Gerry Miller | CNBC

Anshu Jain, an Indian-born funding banker who rose to the function of co-CEO at Deutsche Financial institution, died final evening after an extended battle with most cancers, his household introduced in an announcement Saturday. He was 59 years outdated.

Jain, who most just lately served because the president of Cantor Fitzgerald, earned an MBA on the College of Massachusetts-Amherst and labored at a number of monetary companies, together with Merrill Lynch, earlier than shifting to Deutsche Financial institution. 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 task as an advisor at fintech firm SoFi from 2016 to 2017 and as a trustee of British charity Likelihood to Shine.

“He believed in exhausting work, meritocracy, working outdoors of expectations or standard boundaries, inserting household first, standing by one’s roots (having turned away many makes an attempt to Westernize him in an business that was usually homogenous), in talking ‘on the margin’ relatively than delivering plain information, in wit and wordplay, in being nonmaterialistic, and within the significance of getting broad-bandwidth and being a ‘scholar-athlete,'” his household mentioned in an announcement.

“We’re grateful to the many individuals who cared for Anshu all through his life. For us, his legacy is tenacity, honour, and love,” the assertion mentioned.

Jain’s prolonged household contains Ajit Jain, a cousin, who’s the vice chairman of insurance coverage operations for Berkshire Hathaway.

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