Anshu Jain: Jain, who made the incredible journey from Jaipur to the top of Europe’s financial juggernaut Deutsche Bank, passed away in the UK early on Saturday at the age of 59.
Jain served as co-chief of Deutsche Bank from 2012 to 2015 and most recently worked as president of US investment bank Cantor Fitzgerald. He had a transformative impact on the bank, expanding the range of its international operations. He leaves behind his wife, son and daughter.
“We are deeply saddened that our beloved husband, son and father… passed away overnight after a fierce, five-year battle with duodenal cancer”, Jain’s family stated in a statement. According to the family statement, he outlived his initial diagnosis by four years. “To his last day, Anshu stood by his life-long determination not to be a statistic”, the family added.
In a statement following Jain’s passing, Deutsche Bank expressed its condolences and said that Jain was a key figure in the growth of the financial institution and the development of its global capital markets division.
“Anshu Jain played a key role in expanding Deutsche Bank’s position in our global business with companies and institutional investors. Today, this is of strategic importance not just for Deutsche Bank, but for Europe as a financial center”, said the chairman of the supervisory board of Deutsche Bank, Alexander Wynaendts.
“He was not just an excellent banker, but a person par-excellence too. A big loss to India, his loving family and lifelong friends. You will be missed by all, dearest Anshu”, said Jain’s colleague at Deutsche Bank, Gunit Chadha.
Also Read: Big Bull Rakesh Jhunjhunwala Passes Away, Everything You Need To Know
Jain made international news when he pulled in 80% of the bank’s profits as the head of its investment banking branch in London. His candidature for the top post stirred outrage because he was an outsider with an investment banking experience who could not speak German.
Jain is described as a strategic thinker and a transformational global leader by Chadha, who has known him for 20 years. Chadha said, “Sometimes, the word quintessential banker makes people feel that that was the boundary of his excellence; in my view, Anshu would have achieved legendary status in any field he chose. Mediocrity was not for him; he sought excellence in everything he did”. “He was well-read, highly disciplined, and with exceptional energy” he added.
Also Read: One MLA, One Pension: Punjab govt’s initiative to save crores
Jain was a devoted vegetarian who also loved wildlife photography, safaris in Kenya’s Masaai Mara, and wilderness conservation. In its condolences, Tiger Watch, an organisation promoting wildlife conservation at Ranthambore, described Jain as a crucial supporter of Tiger Watch and numerous other wildlife conservation.
Friends claim that one of his loves is cricket, and he even owned a small portion of Mukesh Ambani’s Mumbai Indians. Chadha said, “Anshu was extremely passionate, whether it was about Deutsche Bank, cricket or India. He built deep relationships and was warm, caring and most generous to his passions”.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
