Indian-origin banker and former Deutsche Bank co-CEO Anshu Jain has died of cancer at the age of 59. Indian-origin banker and former co-CEO of Deutsche Bank Anshu Jain dies at 59

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International

OI-Sanjay Kumar Jha

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Published: Sunday, August 14, 2022, 14:18 [IST]

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New Delhi, August 14: Indian-origin banker and former Deutsche Bank co-CEO Anshu Jain passed away on Saturday after a five-year battle with cancer. He was diagnosed with this disease in 2017. The cancer severely affected his small intestine. He was 59 years old. “We are deeply saddened by the passing away of our beloved husband, son and father Anshu Jain,” his family said in a statement.

Anshu Jain

First non-European to lead Deutsche Bank

Anshu Jain spent two decades building Deutsche Bank into one of the world’s top universal banks. He was the first non-European to head a German institution. After the 2008 financial crisis and subsequent European debt crisis, Jain maintained Deutsche’s position in Europe’s banking sector. BlackRock Inc. CEO Larry Fink said Anshu Jain will be remembered for his leadership and deep commitment to patronage in financial services. Meanwhile, the bank’s president, Alexander Weyands, issued a statement saying that Anshu played an important role in building the bank’s global capital market business. He joined Deutsche Bank in 1995. He was then appointed to the Board of Management in 2009. He was the co-CEO of the bank from 2012 to 2015. After this, in 2017, he was the chairman of the financial services firm.

Worked with wildlife conservation groups

Anshu Jain was born in Jaipur. Jain holds a Bachelor’s degree in Economics with Honors from Delhi University before completing his MBA from the University of Massachusetts at Amherst. Anshu was a noted banker as well as working with environmental and wildlife conservation groups in many parts of the world. He was a lifelong vegetarian.

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English summary

Indian-origin banker and former co-CEO of Deutsche Bank Anshu Jain dies at 59

First story published: Sunday, August 14, 2022, 14:18 [IST]

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