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Anshu Jain, president of Cantor Fitzgerald and former co-CEO of Deutsche Bank, has died. He was 59.
His family said in a statement on Saturday.
Jain died after a battle with colon cancer, which was diagnosed in 2017.
Jain was co-CEO of Deutsche Bank from 2012 to 2015.
FILE – Co-CEO of Deutsche Bank Anshu Jain speaks at the annual shareholders’ meeting in Frankfurt, Germany, on May 22, 2014. Jain, a former co-CEO of Deutsche Bank, has died, according to a statement from his family on Saturday, Aug. 13 2022. He was ((AP Photo/Michael Probst, File) / AP Newsroom)
It was at Deutsche Bank where he helped build the company’s global capital market business.
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Jain was co-CEO with Jürgen Fitschen and was the first non-European ever to lead the German bank.
A logo is depicted on the building of the Deutsche Bank in Geneva, Switzerland. (REUTERS/Denis Balibouse/File Photo/Reuters Photos)
“Anshu Jain played a key role in expanding Deutsche Bank’s position in our global business with corporate and institutional investors,” said Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank. “Today, this is not only of strategic importance for Deutsche Bank, but also for Europe as a financial center.”
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Jain was president of New York-based financial services firm Cantor Fitzgerald from 2017 until his death.
NEW YORK, NEW YORK – Annual Charity Day hosted by Cantor Fitzgerald: Anshu Jain, Edie Lutnick, Howard Lutnick and Jim Buccola on September 11, 2019 in New York City. ((Photo by Dia Dipasupil/Getty Images for Cantor Fitzgerald) / Getty Images)
Cantor Fitzgerald CEO Howard Lutnick said Jain was “the consummate professional who brought a wealth of experience and wisdom to his role as president.”
He began his career at Kidder, Peabody & Co. and then moved on to Merrill Lynch, where he founded and led the firm’s global hedge fund hedging group.
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He leaves behind his wife, Geetika, his mother and two children.
The Associated Press contributed to this report.