The president of investment bank Cantor Fitzgerald and former co-chief executive of Deutsche Bank, Anshu Jain, died on Saturday at the age of 59.
He joined Cantor Fitzgerald in 2017, which was around the time he was diagnosed with duodenal cancer, according to Bloomberg.
Howard Lutnick, chief executive of Cantor Fitzgerald, said: “It is with profound sadness that […] we confirm Anshu’s passing. Anshu was the consummate professional who brought a wealth of experience and wisdom to his role as president.
“He will be remembered as an extraordinary leader, partner, and dear friend who will be greatly missed by all of us and by all who knew him. On behalf of all our partners and employees, we extend our deepest sympathies to Anshu’s family and wish them peace and healing during this difficult time.”
During his 20 years at Deutsche Bank, Jain served as co-chief executive between 2012 and 2015. The German bank also issued a statement following the news, paying tribute to Jain’s “crucial role in the development of Deutsche Bank” and of his being “instrumental in building the company’s global capital markets business”.
Alexander Wynaendts, chairman of the supervisory board of Deutsche Bank, said: “Anshu Jain played a defining 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 centre.”
Deutsche Bank chief executive Christian Sewing added: “Anyone who worked with Anshu experienced a passionate leader of intellectual brilliance. His energy and loyalty to the bank left a great impression on many of us. Our thoughts and sympathies go out to his wife, his children and his mother. We will honour his memory.”