Deutsche Bank mourns the death of its former Co-CEO Anshu Jain, who passed away in the early hours of Saturday at the age of 59 after a long, serious illness.
Jain played a crucial role in the development of Deutsche Bank and was instrumental in building the company’s global capital markets business. He was appointed to Deutsche Bank's Management Board in 2009 and was responsible for the Corporate and Investment Bank division from 2010. From 2012 to 2015, he was Co-CEO.
Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank, paid tribute to these achievements. "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," he said.
Christian Sewing, CEO, recalled: "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."
Jain’s contribution to Deutsche Bank and the industry was recognised with numerous awards worldwide. For example, TERI Technical University in New Delhi awarded him an honorary doctorate and the London Business School made him an Honorary Fellow. In 2010 and 2012, he received the Lifetime Achievement Award from Risk magazine, in 2012 he was named Global Indian of the Year by the Economic Times of India, and in 2014 he was honoured by the Jewish Museum of New York. Besides his contributions to the bank, he supported animal welfare projects in his native India and in South Africa.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 11 March 2022 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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Deutsche Bank mourns the death of its former Co-CEO Anshu Jain, who passed away in the early hours of Saturday at the age of 59 after a long, serious illness.
Jain played a crucial role in the development of Deutsche Bank and was instrumental in building the company’s global capital markets business. He was appointed to Deutsche Bank's Management Board in 2009 and was responsible for the Corporate and Investment Bank division from 2010. From 2012 to 2015, he was Co-CEO.
Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank, paid tribute to these achievements. "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," he said.
Christian Sewing, CEO, recalled: "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."
Jain’s contribution to Deutsche Bank and the industry was recognised with numerous awards worldwide. For example, TERI Technical University in New Delhi awarded him an honorary doctorate and the London Business School made him an Honorary Fellow. In 2010 and 2012, he received the Lifetime Achievement Award from Risk magazine, in 2012 he was named Global Indian of the Year by the Economic Times of India, and in 2014 he was honoured by the Jewish Museum of New York. Besides his contributions to the bank, he supported animal welfare projects in his native India and in South Africa.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 11 March 2022 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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