Deutsche Bank’s Former Co-CEO Anshu Jain Dead at 59

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Anshu Jain, the former co-CEO at Deutsche Bank from 2012-2015 died last night aged 59 after a long battle with cancer, his family has announced in a statement Saturday.

Jain stepped down before his contract expired at Deutsche Bank after a string of regulatory issues but most recently served as the president of Cantor Fitzgerald.

“He believed in hard work, meritocracy, operating outside of expectations or conventional boundaries, placing family first, standing by one’s roots , in speaking ‘at the margin’ rather than delivering plain facts, in wit and wordplay, in being nonmaterialistic, and in the importance of having broad-bandwidth and being a ‘scholar-athlete,’” his family said in a statement. “We are grateful to the many people who cared for Anshu throughout his life. For us, his legacy is tenacity, honour, and love.

 

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Anshu Jain, Who Helped Make Deutsche Bank a Trading Powerhouse, DiesAnshu Jain has been credited with helping build Deutsche Bank’s investment-banking business, making the once sleepy German bank into a global trading powerhouse. LONGCONVEXITY Hang on - he leveraged the fuck out of the trading business and it’s still fucked. Dick Fuld like…… this the dude that built their derivative biz before ‘08? Om Shanti for the soul of Mr. Jain. Many Indian executives die so young. What could be the reason ? Could be stress, constant desire to over achieve or what.
Source: WSJ - 🏆 98. / 63 Read more »

Anshu Jain, Who Helped Make Deutsche Bank a Trading Powerhouse, DiesAnshu Jain has been credited with helping build Deutsche Bank’s investment-banking business, making the once sleepy German bank into a global trading powerhouse. LONGCONVEXITY Hang on - he leveraged the fuck out of the trading business and it’s still fucked. Dick Fuld like…… this the dude that built their derivative biz before ‘08? Om Shanti for the soul of Mr. Jain. Many Indian executives die so young. What could be the reason ? Could be stress, constant desire to over achieve or what.
Source: WSJ - 🏆 98. / 63 Read more »