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Global Economy

Ex-Deutsche Bank boss Anshu Jain is dead

Former Deutsche Bank boss Anshu Jain died at the age of 59. The British-Indian manager had previously suffered from a long, serious illness. From 2012 to 2015, Jain managed Deutsche Bank together with Jürgen Fitschen.

    Former Deutsche Bank boss Anshu Jain died at the age of 59. The British-Indian manager had previously suffered from a long, serious illness. From 2012 to 2015, Jain managed Deutsche Bank together with Jürgen Fitschen.

Former Deutsche Bank boss Anshu Jain is dead. The British-Indian manager died on Saturday night at the age of 59 as a result of a long, serious illness, Deutsche Bank announced on Saturday. Jain managed Deutsche Bank together with Jürgen Fitschen from 2012 to 2015. In the summer of 2015, he left the largest German financial institution after growing criticism.

Jain has played "a defining role in the development of Deutsche Bank" for over two decades and has played a key role in building up the group's global capital market business, the statement said. CEO Christian Sewing recalled the manager's "passionate leadership of intellectual brilliance". "He deeply impressed many of us with his energy and loyalty to our bank."

Jain dies after battling cancer

In his three years as co-head of Deutsche Bank, the Indian-born Briton never quite got rid of his image as an unscrupulous investment banker: the list of scandals at the institute was long, and the shareholders eventually punished the dual leadership of Anshu Jain and Jürgen Fitschen.

Jain's family said in a statement obtained by the Financial Times that Jain died after a five-year battle with cancer. However, he lived four years longer than his doctors' original prognosis. "Until the last day, Anshu has pursued his lifelong goal of being 'not a statistic'," the paper said.

In recent years, Jain had oriented his career towards the USA. In 2016, he accepted a consulting job in Silicon Valley at fintech company Social Finance (Sofi), and in 2017 he was hired by New York-based financial services firm Cantor Fitzgerald, where he oversaw growth strategy. (dpa)

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