The Ex-boss of Deutsche Bank is back in business.
(photo: Reuters)
It took a while, but now Anshu Jain has found a full time job. In the summer of 2015, the investment banker had to give up his Job as a CEO of the Deutsche Bank, because the shareholders had him and his companion at the top, Jürgen Fitschen, deprived of the trust.
Now, born in India, Jain to as “President” for more growth in the trading business of the US investment Bank Cantor Fitzgerald. He will work closely with the Chairman and chief Executive Howard Lutnick, said in a message from Monday. “Anshu is a world-class leader in the financial industry”, let Lutnick know. Cantor Fitzgerald will have the benefit of Jains experience as a “pioneer in the establishment of world-leading businesses”. Last Jain had worked as a consultant for the Fintech company Social Finance from Silicon Valley.
As a long-time head of securities trading and the entire investment banking, Jain had arranged with a major role for Deutsche Bank in the first League of global investment banks rise. After the departure of Josef Ackermann, he and his colleague moved Fitschen in 2012, as Co-bosses at the top of the Bank.
Jains in office, however, was overshadowed by the aftermath of the many scandals for the workup, the Bank since the financial crisis of around € 12.5 billion of penalties had to pay for it. The majority of the Affairs had their origin in the Jain headed investment banking. In this sum, the comparison with about 7.2 billion dollars for rotten mortgage transactions is not included yet, the Bank in principle with the US authorities agreed to.
the Last was gone, the German financial Supervisory authority in its report to the scandal of the Manipulation of key reference interest rates, Jain, and many of his Familiar hard court.
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