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Ex-Deutsche Bank boss Anshu Jain dies aged 59

Jain and his co-CEO ran the bank after the financial crisis exposed its risk-taking and loose spending

Jain died early Saturday after a five-year battle with cancer, his family said
Jain died early Saturday after a five-year battle with cancer, his family said Photo: Jason Alden/Getty Images

Anshu Jain, a veteran investment banker who led Deutsche Bank during a tumultuous time in the German lender’s history, has died. He was 59.

Jain has been credited with helping build Deutsche Bank’s investment-banking business, making the once sleepy German bank into a global trading powerhouse. When Jain became co-CEO in 2012 alongside Jürgen Fitschen, the investment-banking division he ran accounted for about 75% of the bank’s profits.

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