Salem Radio Network News Saturday, October 1, 2022

Business

Former Deutsche Bank co-CEO Anshu Jain dies – Bloomberg News

(Reuters) – Anshu Jain, the former Deutsche Bank AG co-chief executive officer has died after suffering from cancer for five years, Bloomberg News reported on Saturday.

“We are deeply saddened that our beloved husband, son, and father, Anshu Jain, passed away overnight,” his family said in a statement, according to the report.

Jain, 59, outlived his initial diagnosis, made in January 2017, by four years, his family added.

The Indian-born banker joined Deutsche Bank in 1995 to launch a division specialising in hedge funds and derivatives. He resigned from the German lender in 2015 as the co-CEO and has been the president of financial services firm Cantor Fitzgerald since 2017.

(Reporting by Maria Ponnezhath in Bengaluru, Editing by Franklin Paul)

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