Former Deutsche Bank CEO Anshu Jain dies at 59

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Former Deutsche Bank CEO Anshu Jain dies at 59

FRANKFURT Reuters - Anshu Jain, former Deutsche Bank AG executive officer, died early on Saturday at the age of 59 after a long, serious illness, the bank said.

Anshu Jain played a key role in expanding Deutsche Bank's position in global business with companies and institutional investors, said Alexander Wynaendts, chairman of the bank's supervisory board.

He said that this is of strategic importance not only for the Deutsche Bank, but for Europe as a financial centre.

Jain was instrumental in building the company's global capital markets business, the bank said.

In 2009 he was appointed to Deutsche's management board, and was responsible for the corporate and investment bank division from 2010 onwards. He was co-CEO from 2012 to 2015.

Christian Sewing, the current CEO, said that anyone who worked with Anshu experienced a passionate leader of intellectual brilliance.

According to Bloomberg News, Jain had been suffering from cancer for five years.

Our beloved husband, son, and father, Anshu Jain, passed away overnight, his family said in a statement.

Jain's initial diagnosis, which was made in January 2017 by his family, was over four years old, he said.

He joined Deutsche Bank in 1995 to start a division specialising in hedge funds and derivatives.

In 2015 he left Deutsche Bank and had been president of Cantor Fitzgerald since 2017.