Former Deutsche Bank co-CEO Anshu Jain dies at 59

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The former chairman of Deutsche Bank (ETR:DBKGn), the British-Indian Anshu Jain, died last Saturday at the age of 59 as a result of a long and serious illness, said sources from the first German private bank.

Jain led Deutsche Bank for just three years, between 2012 and 2015, in a two-headed chairmanship format together with Jürgen Fitschen.

Both resigned from their positions after strong criticism from their shareholders and amid the scandal over manipulation of interest and lawsuits from the United States, among other litigation.

The president of the entity, Christian Sewing, valued in the statement informing of his death the years of “passionate dedication” of Jain to the entity, as well as his “intellectual brilliance”.

Jain died as a result of a cancer that was diagnosed five years ago and that, despite the initial medical prognoses, was going to be fulminating, but which he fought tenaciously until the end, according to family sources told the newspaper “Financial Times”.

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