Anshu Jain(I)
After graduating from college, he studied economics at the University of Delhi. In 1983, Anshu Jain completed his studies in Delhi with a degree in economics. He then completed an MBA at the University of Massachusetts Amherst until 1985. After his academic career, he began his professional career in 1985 as an analyst at Kidder Peabody & Co., now a subsidiary of UBS. In 1988, Jain moved to Merrill Lynch, where he most recently served as Managing Director. In 1995 he left the investment bank Merrill Lynch and moved to Deutsche Bank with his mentor Edson Mitchell, where he worked in London and Frankfurt am Main.
Under Mitchell's influence, Jain developed into one of Europe's leading financial experts. In 2000, Mitchell had a fatal accident. Deutsche Bank CEO Josef Ackermann then appointed Jain to the Group Executive Committee (GEC) on January 31, 2001. As a member of the top management level, Jain became head of the "Global Markets" department. Within 5 years, during which Jain held a senior position in investment banking at Deutsche Bank, he became one of the most successful managers in modern capitalism. According to estimates from press reports, he is said to have earned 16 billion euros net with his department, after all deductions.
According to rough calculations by WirtschaftsWoche magazine, around 50% of Deutsche Bank's total profits in 2005 can be attributed to Jain's department. Since July 2010, Anshu Jain was the sole person responsible for investment banking at Deutsche Bank. His former colleague Michael Cohrs resigned in the summer of 2010. After long speculation about the successor to Josef Ackermann, whose contract was dated until 2013, Deutsche Bank announced on July 25, 2011 that Jain would take over as chairman of the board together with Jürgen Fitschen. Jain took over this office on June 1, 2012. On February 20, 2014, he reached a civil settlement in the church dispute.
At Deutsche Bank's general meeting on May 21, 2015, Jain received only 61% of shareholder votes, indicating low levels of trust. This result led to the announcement that Jain and Fitschen would terminate their fixed-term contracts until March 31, 2017 early. Fitschen complied with the supervisory board's request and continued in his mandate until May 2016. Anshu Jain, however, resigned from the board of Deutsche Bank on June 30, 2015.
Under Mitchell's influence, Jain developed into one of Europe's leading financial experts. In 2000, Mitchell had a fatal accident. Deutsche Bank CEO Josef Ackermann then appointed Jain to the Group Executive Committee (GEC) on January 31, 2001. As a member of the top management level, Jain became head of the "Global Markets" department. Within 5 years, during which Jain held a senior position in investment banking at Deutsche Bank, he became one of the most successful managers in modern capitalism. According to estimates from press reports, he is said to have earned 16 billion euros net with his department, after all deductions.
According to rough calculations by WirtschaftsWoche magazine, around 50% of Deutsche Bank's total profits in 2005 can be attributed to Jain's department. Since July 2010, Anshu Jain was the sole person responsible for investment banking at Deutsche Bank. His former colleague Michael Cohrs resigned in the summer of 2010. After long speculation about the successor to Josef Ackermann, whose contract was dated until 2013, Deutsche Bank announced on July 25, 2011 that Jain would take over as chairman of the board together with Jürgen Fitschen. Jain took over this office on June 1, 2012. On February 20, 2014, he reached a civil settlement in the church dispute.
At Deutsche Bank's general meeting on May 21, 2015, Jain received only 61% of shareholder votes, indicating low levels of trust. This result led to the announcement that Jain and Fitschen would terminate their fixed-term contracts until March 31, 2017 early. Fitschen complied with the supervisory board's request and continued in his mandate until May 2016. Anshu Jain, however, resigned from the board of Deutsche Bank on June 30, 2015.
