Gerry Miller | CNBC Anshu Jain, an Indian-born investment banker who rose to the role of co-chief executive of Deutsche Bank, died last night after a long battle with cancer, his family said in a statement on Saturday. He was 59 years old. Jain, who most recently served as president of Cantor Fitzgerald, earned an MBA at the University of Massachusetts-Amherst and worked at several financial firms, including Merrill Lynch, before moving to Deutsche Bank. He was co-CEO from 2012 to 2015. Jain stepped down from his role at Deutsche before his contract expired after the bank was beset by a series of regulatory issues. His other positions included an advisory role at fintech company SoFi from 2016 to 2017 and as a trustee of UK charity Chance to Shine. “He believed in hard work, meritocracy, operating outside expectations or conventional boundaries, putting family first, standing by one’s roots (having fended off many attempts to westernize him in an industry that was often homogenous), speaking ‘to margin’ instead of simply stating facts, with wit and wordplay, being non-materialistic and in the importance of having a wide bandwidth and being a ‘scholar-athlete,’” his family said in a statement. “We are grateful to the many people who cared for Anshu throughout his life. To us, his legacy is perseverance, honor and love,” the statement said. Jain’s extended family includes Ajit Jain, a cousin, who is vice president of insurance operations for Berkshire Hathaway.
