Deutsche Bank mourns the death of its former Co-CEO who passed away in the early hours of Saturday at the age of 59 after a long, serious illness.
Anshu Jain played a crucial role in the development of Deutsche Bank and was instrumental in building the company’s global capital markets business, according to a media release on Saturday.
He was appointed to Deutsche Bank's Management Board in 2009 and was responsible for the Corporate and Investment Bank division from 2010. From 2012 to 2015, he was Co-CEO.
Defining Role
Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank, paid tribute to these achievements. «Anshu Jain played a defining role in expanding Deutsche Bank's position in our global business with companies and institutional investors. Today, this is of strategic importance not just for Deutsche Bank, but for Europe as a financial center,» he said.
Deutsche Bank CEO Christian Sewing recalled: «Anyone who worked with Anshu experienced a passionate leader of intellectual brilliance. His energy and loyalty to the bank left a great impression on many of us. Our thoughts and sympathies go out to his wife, his children and his mother. We will honor his memory.»
Numerous Awards
He resigned from the German lender in 2015 and had been the president of U.S. financial services firm Cantor Fitzgerald since 2017.
Jain’s contribution to Deutsche Bank and the industry was recognized with numerous awards worldwide. For example, TERI Technical University in New Delhi awarded him an honorary doctorate and the London Business School made him an Honorary Fellow.
Animal Welfare Projects
In 2010 and 2012, he received the Lifetime Achievement Award from Risk magazine, in 2012 he was named Global Indian of the Year by the Economic Times of India, and in 2014 he was honored by the Jewish Museum of New York.
Besides his contributions to the bank, he supported animal welfare projects in his native India and in South Africa.
