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 effective June 2015, after a series of financial missteps and regulatory penalties at the bank. His co-CEO, Juergen Fitschen, also resigned.
Jain oversaw a period of rapid growth at Deutsche Bank, particularly in the markets business where he started his career.
Jain was born in India but has become a UK citizen. His background includes growing a powerful investment bank franchise generating 75% of the company's profits. 
Jain has extensive experience working with political entities He has 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 were among those being investigated.
Jain graduated from the University of Delhi and went on to receive his MBA from the University of Massachusetts.
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