Anshu Jain, Cantor executive and former co-CEO of Deutsche Bank, has died

Anshu Jain, chairman of Cantor Fitzgerald and former co-CEO of Deutsche Bank, has died. He was 59 years old.

The news was reported by his family, said in a statement on Saturday.

Jain passed away 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 shareholders’ meeting in Frankfurt, Germany, May 22, 2014. Jain, former co-CEO of Deutsche Bank, has died, according to a statement from his family on Saturday, August 13, 2022. He was ((AP Photo/Michael Probst, File)/AP Newsroom)

It was at Deutsche Bank that he helped develop the firm’s global capital markets business.

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Jain was co-CEO with Jürgen Fitschen and was the first non-European to lead the German bank.

Deutsche Bank logo on the building

A logo is pictured on the Deutsche Bank building in Geneva, Switzerland. (REUTERS/Denis Balibouse/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 Deutsche Bank’s Supervisory Board. “Today it is of strategic importance not only for Deutsche Bank, but for Europe as a financial centre.”

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Jain was chairman of New York-based financial services company Cantor Fitzgerald from 2017 until his death.

Photo of Anshu Jain with Cantor leaders

NEW YORK, NEW YORK – Annual Charity 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 joined Merrill Lynch, where he founded and then led the firm’s global hedge fund hedging group.

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He is survived by his wife, Geetika, his mother and two children.

The Associated Press contributed to this report.

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