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Anshu Jain, former Deutsche Bank CEO, dies at 59

Indian-born banker helped transform German bank into global financial titan

Anshu Jain, a pioneer of derivatives trading who led Deutsche Bank's transformation, has died.   © Reuters

FRANKFURT, Germany (Financial Times) -- Anshu Jain, the Indian-born banker who helped transform Deutsche Bank from a largely domestic lender into a global financial titan, has died aged 59.

The City of London and Wall Street-trained Jain, who led Deutsche as co-chief executive from 2012 to 2015, had been suffering from stomach cancer, and passed away in the U.K. on Friday evening, his family confirmed.

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