Anshu Jain

Anshuman "Anshu" Jain (7 January 1963 – 12 August 2022) was an Indian-born British business executive. From 2017 to 2022, he was the president of the American financial services firm Cantor Fitzgerald. He previously served as the Global co-CEO and co-Chairman of Deutsche Bank from June 2012 until July 2015. Jain was also a member of Deutsche Bank's Management Board. He was previously head of its Corporate and Investment Bank, globally responsible for Deutsche Bank's corporate finance, sales and trading, and transaction banking business. Jain remained a consultant to the bank until January 2016.

Jain was born on 7 January 1963 in Jaipur, Rajasthan, India, and his father Ambuj Kumar Jain was a history teacher who became a career civil servant and served in the Indian Audit and Accounts Service. He was raised in the Jain religion and was a vegetarian. When he was six, Jain moved with his father to Nizamuddin West in Delhi, and attended Delhi Public School, Mathura Road.

From 1975 to 1977, Jain briefly attended a private Indian school in Kabul due to his father's job transfer before moving back to Delhi and completing his schooling from DPS, Mathura Road.

He studied at Shri Ram College of Commerce at the University of Delhi and earned Bachelor of Arts in economics in 1983. He then moved to the U.S. at the age of 19, and in 1985 he received a Master of Business Administration in finance from the Isenberg School of Management at the University of Massachusetts Amherst, where he was a member of Beta Gamma Sigma. At the university, he studied with Thomas Schneeweis, an expert in alternative investments such as futures, options, and derivatives.

After receiving his MBA, Jain began his career on Wall Street. He was hired as an analyst in derivatives research at Kidder, Peabody & Co., where he worked from 1985 to 1988.

In 1988, he moved to Merrill Lynch. He spent seven years there, setting up and running its global hedge fund coverage group, selling interest-rate swaps and other financial products to hedge funds. At the company he met Edson Mitchell, a talented investment banker who became his mentor.

In 1995, Deutsche Bank hired Jain's mentor Edson Mitchell away from Merrill Lynch and tasked him with creating a world-class investment bank division in London. Mitchell brought Jain with him, and hired hundreds of Merrill Lynch investment bankers to accompany them to London. Jain joined Deutsche Bank in June 1995 to head a combined group which marketed fixed-income derivatives to large investors and hedge funds. In February 1997, he was named head of Deutsche Bank's newly formed Global Institutional Client Group, and expanded fixed income into foreign exchange and credit derivatives. In mid-2000, he became head of global capital markets, sales, over-the-counter derivatives, global credit derivatives, and emerging markets.

When Mitchell died in a plane crash in December 2000, Jain succeeded him as head of Global Markets in early 2001. In September 2004, he was appointed co-head of the Corporate and Investment Bank, together with Michael Cohrs; Jain's responsibility was for the equities trading division and integrating it with the fixed-income division he already headed. This investment bank division was highly profitable under his leadership and produced the lion's share of Deutsche Bank's profits. Jain was noted as having helped build Deutsche Bank into a fixed-income powerhouse, more than doubling debt sales and trading revenue between 2000 and 2009, and for building Deutsche Bank into a global investment bank that rivalled Wall Street's giant firms.