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Anshu Jain Deutsche Bank CEO Passed Away, Cause of Death, Biography, Age, Family, Wife, Son, Brother, Career, Education, Salary, Net Worth

Famous Indian-born British leader Anshu Jain has made headlines because he died recently at the age of 59, knows his upbringing and net worth

Anshu Jain, the president of Cantor Fitzgerald, passed away recently. He was renowned for his role in guiding Deutsche Bank traders to the heights of lender investment banking.

Anshu Jain Deutsche Bank CEO Passed Away, Cause Of Death, Biography, Age, Family, Wife, Son, Brother, Career, Education, Salary & Net Worth 2022

His family revealed his death in an official statement which read,

We are deeply saddened that our beloved husband, son and father, Anshu Jain, passed away overnight.

The statement added,

He believed in hard work, meritocracy, breaking conventional expectations or boundaries, family first, respecting one’s roots (having rebuffed many attempts to westernize him in an often homogeneous industry), speaking ‘at the fringe’ rather than delivering clear facts, with wit and pun, being non-materialistic, and the importance of having a wide bandwidth and being a ‘scholar-athlete’.

Since then, many people have been talking about him. So let’s find out a little more about him:

Who was Anshu Jain?

Anshu Jain was a famous Indian-born British business executive, well known for his time at Deutsche Bank. He recently made headlines because he passed away after battling a long-standing illness.

His full name is Anshuman Jain. He was born in the Indian city of Jaipur on January 7, 1963. His father was a civil servant and he comes from a Jain family.

He is the cousin of Ajit Jain, who has served as vice president of insurance business at Berkshire Hathaway since 2018. He moved with his family to New Delhi when he was six years old.

He went to Delhi Public School in Delhi. Later, he pursued studies in economics at the Shri Ram College of Commerce, University of Delhi, where he graduated with a BA in 1983.

After arriving in the United States at the age of 19, he studied with Thomas Schneeweis, a specialist in alternative investments, including futures, options and derivatives, and earned an MBA in finance from the Isenberg School of Management at the University of Massachusetts Amhers. in 1985.

He was married to Geetika, a children’s book and travel author. The couple have two children with their son named Arjun. Cricket, golf, wildlife photography and wildlife preservation were among Jain’s hobbies. He was 59 at the time of his death.

His career

Anshu Jain started his professional career on Wall Street after earning his MBA. Later, he was employed by Kidder, Peabody & Co. where he worked from 1985 to 1988 as an analyst in the derivatives research department.

He then came to Merrill Lynch in 1988 and stayed there for seven years.

In June 1995, Jain joined Deutsche Bank to lead a joint team that sold fixed income derivatives to institutional clients and hedge funds. He was appointed Group Head of Deutsche Bank’s newly created Global Institutional Client Group in February 1997, expanding from fixed income to foreign currency and credit derivatives. He was appointed Head of International Capital Markets, Sales, OTC Derivatives, International Credit Derivatives and Developing Markets in mid-2000.

Anshu Jain and Michael Cohrs were appointed co-heads of Corporate and Investment Banking in September 2004. With this, he becomes the first non-European to lead Deutsche Bank.

He assumed leadership of all of Corporate and Investment Banking after Cohrs resigned in 2010. Effective June 1, 2012, Jain and Jürgen Fitschen were appointed co-CEOs of Deutsche Bank in July 2011. But on June 7, 2015, Jain and Fitschen announced their resignations after receiving heavy criticism.

He joined the advisory board of SoFi (Social Finance, Inc.), a fintech company headquartered in San Francisco, in 2016. He was elected chairman of midsize private company Cantor Fitzgerald in January 2017.

Anshu Jain served on the advisory board of Indian non-banking financial institution InCred. He was a member of the Financial Group Advisory Board of MIT Sloan School of Management. He was a board member of the British non-profit organization Chance to Shine.

He was a representative on the advisory board of the Wildlife Conservation Trust, based in India. Previously, he was a member of the Financial Services Forum, the Board of the Institute of International Finance and the Global Advisory Board of the Monetary Authority of Singapore.

Awards received by him

Anshu Jain received Euromoney magazine’s Capital Markets Achievement Award in 2003. In 2006, he received the American India Foundation Award for Leadership and Philanthropy. He won Risk magazine’s Lifetime Achievement Award and the NASSCOM Business Leader Award in 2010.

At the Economic Times Awards in 2012, he was recognized as the Global Indian of the Year. He received an Honorary Doctorate and Honorary Fellowship from TERI University, New Delhi in 2014.

Cause of death of Anshu Jain

Anshu Jain passed away last night after battling 5 years with duodenal cancer.

Net worth of Anshu Jain

He had an estimated net worth of around $60 million. His salary amounted to 7 million euros per year.

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