Anshu Jain, former co-CEO of Deutsche Bank, has died, his family said in a statement on Saturday. He was 59 years old.
Jain, born in India, died after his battle with duodenal cancer which he was diagnosed with in 2017.
Jain was co-head of Deutsche Bank from 2012 to 2015, where he helped build the firm’s global capital markets business.
As co-CEO with Jürgen Fitschen, he was the first non-European to lead the German bank. He had previously been appointed to Deutsche Bank’s board of directors in 2009 and has headed the bank’s corporate and investment division since 2010.
“Anshu Jain played an important role in expanding Deutsche Bank’s position in our global business with companies 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 he left Deutsche Bank, Jain served as chairman of the 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 his wealth of experience and wisdom to bear in his role as president.”
He began his career as a derivatives research analyst with Kidder, Peabody & Co., then moved to Merill Lynch, where he spent seven years and then led the firm’s global hedge fund hedge group.
Jain was born in Jaipur, India, in January 1963. He is survived by his wife Geetika, his mother, and two sons.