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He spearheaded Deutsche Bank’s attempt to conquer Wall Street and was known for his hard-charging style
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Anshu Jain was working alongside Howard W Lutnick, Chairman and Chief Executive Officer of Cantor Fitzgerald before his untimely demise.
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Anshu Jain, who was currently serving as the president of Cantor Fitzgerald LP, had advised governments and industry bodies around the world.
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John Cryan, Chief Executive of Deutsche Bank AG announced 54-year-old Chadha's decision to leave the bank after spending 13 years in various capacities, including nearly a decade as the chief executive of India, in an e-mail to employees.
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Seminal conference, “The Gateway of India Dialogue: Where geopolitics meets business”, ...
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That would bring the group's workforce down to around 75,000 full-time positions under a reorganisation being finalised by new Chief Executive John Cryan, who took control of Germany's biggest bank in July with the promise to cut costs.
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The German regulator has been investigating Deutsche Bank and the role it played during the financial crisis when a global inter-bank lending rate mechanism was being manipulated.
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German lender Deutsche Bank today reported a 93 percent jump in profit from its Indian branches at Rs 1,406 crore for financial year 2014-15.
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Anshu Jain is the second Indian to resign from a global bank after Vikram Pandit who stepped down as the CEO of Citigroup in 2012.
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The task force would be co-chaired by Deutsche Bank co-ceo Anshu Jain and SBI chairperson Arundhati Bhattacharya.
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Deutsche Bank co-chief Juergen Fitschen will face trial in April on allegations he gave false evidence in a long-running legal battle with the defunct Kirch group, the court said on Tuesday.
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Jain said, "We are poised at a pretty unfortunate juncture ... because Greece was definitely heading in the right direction."
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The government is looking to strengthen the balance sheets of public sector banks, which is needed if India is to achieve and enjoy the 7-8% GDP growth that it aspires to, Anshu Jain, co-CEO of Deutsche Bank.
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"India has long been important for Deutsche Bank. We are a large investment bank and commercial bank there, and we have growing retail and asset management businesses in the country," he said.
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Frankfurt-headquartered Deutsche Bank today said India born co-CEO Anshu Jain enjoys its "full support", a day after media reported that he may be replaced if implicated in an ongoing probe into currency manipulation.
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Deutsche Bank is considering John Cryan, the former finance chief of UBS AG, as a potential replacement for co-Chief Executive Anshu Jain should he be implicated in an ongoing investigation into currency manipulation, a German magazine reported on Wednesday.
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We are calling for higher US growth than most of our peers, says Anshu Jain of Deutsche Bank.
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Deutsche Bank, Germany's largest bank, expects the euro zone to remain intact and its slow pace of recovery to create opportunities for outside investors, its co-chief executive said on Wednesday.
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The real issue in Europe is all about sovereign debt and it starts with Greece, says Anshu Jain, CEO of corporate investment bank, Deutsche Bank. “I have to say that away from Greece, we have a pretty encouraging situation,†he adds.
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A resolution to the problems engulfing the euro will be found as the costs of it collapsing are unacceptably high, but there may be major problems along the way, Deutsche Bank's co-CEO designate said on Thursday.
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Deutsche Bank named Anshu Jain and Juergen Fitschen as future co-chiefs as it seeks to bridge a divide of deep mistrust between Germany and international investment bankers.
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As it pushes to renew its conservative roots, Deutsche Bank may be about to take a risky bet: sidelining its rainmaker in the contest for the top job.
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As it pushes to renew its conservative roots, Deutsche Bank may be about to take a risky bet: sidelining its rainmaker in the contest for the top job.
