Anshu Jain, chairman of Cantor Fitzgerald and former co-CEO of Deutsche Bank, has died. It was 59. His family announced the news in a statement on Saturday. Jain died after a battle with duodenal cancer, which he was diagnosed with in 2017. Jain was Co-CEO of Deutsche Bank from 2012 to 2015. FILE – Deutsche Bank co-CEO Anshu Jain speaks during the annual shareholder meeting in Frankfurt, Germany, May 22, 2014. Jain, a former co-CEO of Deutsche Bank, died, according to a statement from his family on Saturday, Aug. 13, 2022. It was ( (AP Photo/Michael Probst, File) / AP Newsroom) He was at Deutsche Bank where he helped build the firm’s global capital markets. THE US ECONOMY DEUTSCHE BANK WARNS IN THE HANDS OF THE “GREAT DEPRESSION”. Jain was co-CEO along with Jürgen Fitschen and was the first non-European to lead the German bank. A logo is depicted on the Deutsche Bank building in Geneva, Switzerland. (REUTERS/Denis Balibuse/File Photo/Reuters Photos) “Anshu Jain has played a key role in expanding Deutsche Bank’s position in our global business with corporate and institutional investors,” said Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank. “Today, this is of strategic importance not only for Deutsche Bank, but also for Europe as a financial center.” DEUTSCHE BANK DOES BUSINESS IN RUSSIA Jain served as chairman of New York-based financial services firm Cantor Fitzgerald from 2017 until his death. NEW YORK, NY – Annual Philanthropy Day Hosted by Cantor Fitzgerald: Anshu Jain, Edie Lutnick, Howard Lutnick and Jim Buccola on September 11, 2019 in New York City. ((Photo by Dia Dipasupil/Getty Images for Cantor Fitzgerald) / Getty Images) Cantor Fitzgerald CEO Howard Lutnick said Jain “was the consummate professional who brought a wealth of experience and wisdom to his role as chairman.” He began his career at Kidder, Peabody & Co., then moved to Merrill Lynch, where he founded and then led the firm’s global hedge fund coverage group. CLICK HERE TO READ MORE ABOUT FOX BUSINESS He is survived by his wife Gaitika, his mother and two children. The Associated Press contributed to this report.
