Anshu Jain, the Indian-born Kantar Fitzgerald president and former co-CEO of Deutsche Bank AG, died five years later at the age of 59. His battle with cancer was announced Saturday. I was.
Jain’s untimely death was mourned by colleagues and former contemporaries alike, with much focus on his intelligence and humanity and his leadership.
“I have known Anshu as a schoolmate for 50 years since 1972. A man of the highest integrity and fairness, with a deep and multi-faceted passion for sports, geopolitics and a love of wildlife. Some prominent aspects come to mind: photography, making friends with smart people, and the desire to win whatever he does.”
“Deutsche Bank mourns the passing of former Co-CEO Anshu Jain, who died early Saturday morning at the age of 59 after a long and serious illness. He worked hard to build a strong capital markets business.
“Anshu was a consummate professional who brought a wealth of experience and wisdom to his role as president. As a leader, partner and dear friend, he will be remembered greatly by all of us and all who knew him.
Jain was the first non-European head of the German banking giant to be appointed co-CEO alongside Jurgen Fitschen in June 2012.
“He was diagnosed in January 2017 and a combination of intensive personal research, tactical skills, amazing caregivers and sheer force of will has allowed him to live four years longer than his original diagnosis.” said his family.
“Until the last day, Anzhou held firm to his lifelong resolve to ‘not count’,” the statement read.
A wildlife photographer, avid golfer and Bollywood fan, Jain was best known for propelling Deutsche Bank to new trading and investment banking heights.
Born in Jaipur in 1963, Jain spent most of his childhood and teenage years in Delhi, attending Delhi Public Schools and the Shri Ram College of Commerce.
He then attended the University of Massachusetts Amherst, USA, where he graduated with a Beta Gamma Sigma degree in Master of Business Administration.
After starting his career as a derivatives research analyst at Kidder, Peabody & Co, Jain moved to Merrill Lynch, where he worked for seven years, during which time he founded and led a global hedge fund coverage group.
In 1995, Jain moved to Deutsche Bank and was given the responsibility of setting up an investment banking division in London, a statement read by his family.
At the beginning of the next decade, Jain was responsible for Global Capital Markets Sales, OTC Derivatives, Global Credit Derivatives and Emerging Markets.
In 2004, along with Michael Cohrs, he was appointed Co-Head of the Corporate and Investment Bank.
“Anyone who has worked with Anshu has experienced an intellectually talented and passionate leader,” said Christian Sewing, CEO of Deutsche Bank. .
After being promoted to co-CEO of Deutsche Bank in 2012, Jain oversaw strategies for increasing capital, reducing exposure and risk, and investing in technology.
“Anshu Jain has played a key role in expanding Deutsche Bank’s position in global business with corporations and institutions. Today, this is a strategic move not only for Deutsche Bank but also for Europe as a financial center. The Supervisory Board of Deutsche Bank.
In January 2017, Jain was appointed President of Cantor Fitzgerald, working alongside founder Howard Lutnick. At Cantor Fitzgerald, Jain was responsible for expanding fixed income and equity trading with prime brokerage. Jain has received several awards, including Euromoney magazine’s Capital Markets Achievement Award in 2003, Risk Magazine’s Lifetime Achievement Award in 2010, and Economic Times Global Indian of the Year Award in 2012.
In 2014, Jane was named an Honorary Fellow of the London Business School. His TERI Institute of Technology in New Delhi also awarded him an honorary doctorate.
“Anshu Jain, former CEO of Deutsche Bank, has passed away at the age of 59. Very sad to hear this. I worked with him for many years. I remember him as an inspirational boss. Om Shanti!!” tweeted Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Board.
Jain, a self-described “Indian with a British passport who works in a German bank,” was a Jewish New Yorker when he first arrived in New York in 2014 at the high-profile annual gala held at the Jewish Museum. He said he learned a lot from the community. He moved to the city after completing his school of business at the University of Massachusetts Amherst, the agencies report.
Jane, who supported animal welfare projects in India and South Africa, leaves behind a wife and two children.
Using information from Bloomberg
.
Comments
Post a Comment