Jain, who was last with the American Investment Bank cantor fitzgerald As chairman, was co-head of Deutsche Bank from 2012 to 2015. He played a transformative role in the Bank, widening the scope of its global activities. He leaves behind his wife, son and daughter.
Jain’s family said in a statement, “We are deeply saddened that our beloved husband, son and father… passed away overnight after a grueling five-year battle with duodenal cancer.” four years. “Till his last day, Anshu stood by his life-long determination of not being a statistic,” the family said.
Deutsche Bank condoled the passing of its former co-CEO and said Jain played a key role in the growth of the financial institution and in building the company’s global capital markets business.
“Anshu Jain was instrumental in expanding Deutsche Bank’s position in our global business with companies and institutional investors. Today, it is of strategic importance not only for Deutsche Bank, but as a financial center for Europe,” said Alexander Wayands, Chairman of the Supervisory Board of Deutsche Bank.
“He was not only an excellent banker but also an excellent person. A great loss to India, his dear family and lifelong friends. You will all be missed, dear Anshu,” said Guneet Chadha, who was his colleague at Deutsche Bank.
Jain made international headlines when, as head of the bank’s investment banking division in London, he brought in 80% of the bank’s profits. His candidacy for the top position took off as he was an outsider who did not speak German and had an investment banking background.
“Sometimes, the word quintessential banker makes people feel that this was the extent of their excellence; In my view, Anshu would have achieved great position in any field of his choosing. Ordinary was not for him; He looked for excellence in whatever he did,” Chadha said. Chadha, who has known Jain for 20 years, describes him as a strategic thinker and a transformative global leader. “He was well read, highly disciplined and with extraordinary energy”.
Jain was a lifelong vegetarian and loved wildlife photography, safaris and forest conservation in the Masai Mara, Kenya. In its condolences, Tiger Watch, an organization promoting wildlife conservation in Ranthambore, described Jain as an important supporter of Tiger Watch and many other wildlife conservation.
Friends describe cricket as one of his passions, and Mukesh Ambani had a brief stake in Mumbai Indians. “Anshu was extremely passionate, be it about Deutsche Bank, cricket or India. He built deep connections and was warm, caring and most generous to his passions,” Chadha said.
Challenges in dealing with the various stakeholders of the bank forced Jain to step down in 2015 before his term ended. The bank also came under pressure from regulators for LIBOR manipulation during his tenure, having cleared himself of the charges through Jain.
in an interview with times of India In 2014, Jain attributed some of the bank’s problems after 2008 to a “long shadow of events”. He had also expressed his admiration for Rahul Dravid, who felt he had achieved a fine balance between what is important in life and what is important in life. His own sporting achievements.