Former Deutsche Bank owner Anshu Jain passes away

Former Deutsche Bank owner Anshu Jain has passed away. The British-Indian manager died on Saturday night at the age of 59 as a result of a prolonged, serious illness, Deutsche Bank said.

Jain managed Deutsche Bank together with Jurgen Fitschen from 2012 to 2015. In the summer of 2015, he left the largest German financial institution following increasing criticism. Jain has played a “defining role in Deutsche Bank’s growth” for over two decades and has been instrumental in building the group’s global capital markets business, the statement said.

The family wrote, “Till the last day, Anshu has pursued her lifelong goal of ‘not being a statistic’.”

CEO Christian Sewing recalled the manager’s “passionate leadership of intellectual genius”. “He deeply impressed many of us with his energy and loyalty to our bank.” In his three years as co-head of Deutsche Bank, the Indian-origin Briton never shed his image as an unscrupulous investment banker: the institution’s list of scandals was long, and shareholders eventually took on Anshu’s doubles. punished the leadership. Jain and Jurgen Fitschen.

Jain’s family wrote in a statement that financial Times Told that Jain died after a five-year battle with cancer. However, he lived four years longer than his doctors had originally predicted. “Till the last day, Anshu has pursued his lifelong goal of ‘not being a statistic’,” the paper said.

In recent years, Jain had oriented his career to the USA. In 2016 he took a consulting job in Silicon Valley at fintech company Social Finance (SoFi), and in 2017 he was hired by New York financial services provider Cantor Fitzgerald, where he was responsible for growth strategy.