Anshu Jain

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Anshu Jain
Anshu-jain.jpg
Occupation President
Employer Cantor Fitzgerald

The late Anshu Jain was president of Cantor Fitzgerald starting in January 2017.[1] He died in August of 2022.

He is also a former co-CEO of Deutsche Bank. He was appointed to that role in August of 2011. His responsibilities included overseeing the operational side of the bank's business. He resigned from the company in June 2015, after a series of financial missteps and regulatory penalties at the bank. His co-CEO, Juergen Fitschen, also resigned.[2]

Jain oversaw a period of rapid growth at Deutsche Bank, particularly in the markets business where he started his career.[3]

Background[edit]

Jain was born in Jaipur, India in 1963 and later became a UK citizen. His background includes growing a powerful investment bank franchise generating 75% of the company's profits. [4]

Jain started his career at Merrill Lynch. There he met Edson Mitchell, one of Merrill's most successful executives, who was known as a capital markets genius.[5] When Mitchell was poached by Deutsche Bank in 1995, he took Jain with him.[6]

Jain worked his way up to become Deutsche Bank's highest paid board member, earning $17.2 million in 2010. [7]

Jain had extensive experience working with political entities. He served as a member of the Indian prime minister's working group on inward investments and as a member of Deutsche Bank's team advising the British Treasury on financial stability. He was also one of the businessmen who accompanied UK Prime Minister David Cameron on a networking tour of India, in July 2011.

In 2019, German prosecutors were probing Deutsche Bank as part of an investigation into a dividend stripping scheme. Jain was among the 78 current and former bank officials who were being investigated.[8]

Education[edit]

Jain graduated from the University of Delhi in India and went on to receive his MBA from the University of Massachusetts, Amherst.

References[edit]

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