Cantor Fitzgerald President Jan Anshu seems on CNBC’s Squawk on the Road on the 2020 World Financial Discussion board in Davos, Switzerland, January 22. 2020.

Gerry Miller | CNBC

Anshu Jain, an Indian-origin funding banker who rose to the function of co-CEO at Deutsche Financial institution, handed away final night time after an extended battle with most cancers, his household introduced in a press release on Saturday. He was 59 years outdated.

Jain, who most just lately served as president of Cantor Fitzgerald, earned an MBA on the College of Massachusetts-Amherst and labored at a number of monetary corporations, together with Merrill Lynch, earlier than transferring to Deutsche Financial institution. He served as co-CEO from 2012 to 2015.

Jain resigned from his function at Deutsche earlier than his contract expired after the financial institution was surrounded by a number of regulatory points.

His different positions included a job as a marketing consultant at fintech firm SoFi from 2016 to 2017 and as a trustee of the British charity Likelihood to Shine.

“He believed in arduous work, competence, working exterior of expectations or conventional boundaries, placing household first, standing by his roots (to beat many makes an attempt to westernize in an business that was usually homogenous), In talking of the ‘marginalised’, his household stated in a press release, in a play of wit and phrases, as an alternative of being non-materialistic and broad-bandwidth and the significance of being a ‘scholar-athlete’ .

“We’re grateful to the many individuals who cared for Anshu all through her life. Her legacy to us is tenacity, respect and love,” the assertion stated.

Correction: This text has been up to date to take away reference to Ajit Jain, which is unrelated to Anshu Jain.

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