Investment Banking

Ex-Deutsche Bank boss Anshu Jain dies aged 59

Jain and his co-CEO ran the bank after the financial crisis exposed its risk-taking and loose spending

Jain died early Saturday after a five-year battle with cancer, his family said
Jain died early Saturday after a five-year battle with cancer, his family said Photo: Jason Alden/Getty Images

Anshu Jain, a veteran investment banker who led Deutsche Bank during a tumultuous time in the German lender’s history, has died. He was 59.

Jain has been credited with helping build Deutsche Bank’s investment-banking business, making the once sleepy German bank into a global trading powerhouse. When Jain became co-CEO in 2012 alongside Jürgen Fitschen, the investment-banking division he ran accounted for about 75% of the bank’s profits.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump