Anshu Jain

Anshuman " Anshu " Jain ( born January 7, 1963 in Jaipur, Rajasthan, India ) is a British bank manager of Indian origin and since 1 June 2012, Co - CEO of Deutsche Bank and the Group Executive Committee.

Origin and education (1963-1980)

Anshu Jain was born the older of two sons of officials Ambuj Jain and his wife Shashi 1963 in Jaipur. He grew up with his younger brother in a conservative dominated middle-class family in Nizamuddin West, a district in the south of New Delhi, on. Due to a professional transfer of Jains father to Afghanistan visited Anshu Jain from 1975 to 1977, an Indian private school in Kabul. At the Delhi Public School Mathura Road, a private school in New Delhi, he graduated in 1980, the Higher Secondary Exam ( High School in India).

Study (1980-1985)

Anshu Jain studied in India and in the United States at public universities. 1983 Jain graduated a bachelor's degree in economics at Shri Ram College of Commerce at the University of Delhi in India from. In 1985 he earned an MBA in Finance at the Isenberg School of Management at the University of Massachusetts in Amherst / USA.

Investment banker in Boston and New York (1985 to 1995)

After his MBA studies in 1985 he went as an analyst in the former investment bank Kidder, Peabody & Co. in Boston (now part of UBS) a. In 1988 he moved to Merrill Lynch (now part of Bank of America Corporation ) to New York, where he established the industry's first department for special hedge fund management and ran it as a Managing Director.

German bank in London (1995 to 2012)

Anshu Jain left in 1995 with his mentor Edson Mitchell Merrill Lynch and joined Deutsche Bank in London. Within five years, in which Jain worked in London in investment banking at Deutsche Bank in a managerial capacity, to his department with his 16 billion euro net, have after deducting all bonuses earned. Roughly calculated, according to Business Week about 50 % of the total profit of Deutsche Bank in 2005, the Department Jains Act. Due to this success, and the corresponding bonuses Anshu Jain has led the internal content ranking of Deutsche Bank regularly in recent years and should therefore bestverdienende the employees of a German stock corporation to be. From the journal eFinancialNews he was elected 2nd place their list of the "100 Most Influential People."

Allegations

As a result of triggered in the U.S. sub-prime crisis worldwide allegations against Jain were raised at the latest in April 2008. The previously apparently successful years Division ( Corporate Banking & Securities ) at Deutsche Bank AG wrote under Jains lead in the first quarter of 2008 billion write-downs on loans to finance acquisitions and dramatic collapse in revenues a pre-tax loss of 1.6 billion euros. In the same period last year still had a profit of 2.2 billion euros Jain and Co.. In a broadcast in May 2012 television report of the WDRs Jain was also blamed for fraud in securitizing the risky mortgages. With foreclosures Deutsche Bank subsidiary German Bank National Trust were 1.4 million families in the U.S. - including using researched by CBS documents and signature forgeries ( robo- signing) - driven from their homes. The overseen by Jain mortgage banking at Deutsche Bank brought a billion euros. The former head of Westdeutsche Landesbank, Ludwig Poullain, accused in the report of Deutsche Bank to have improperly used their power for businesses that are beyond economic obligations. With high-risk betting transactions, in which the German bank - and other companies, including JPMorgan Chase & Co. - high commissions earned and based on false interest rate forecasts, lost cities - including Hagen and Pforzheim, Wurzburg, Neuss and Milan -, municipalities and regions in Europe - including the Tuscany - millions of dollars, which ruined the communities affected to some extent.

Co - CEO of Deutsche Bank (since 2012)

Anshu Jain is a member of the Management Board of Deutsche Bank since 2009. In July 2011, the German bank announced that Anshu Jain together with Jürgen Fitschen June 1, 2012 takes over the chairmanship of the board and thus the successor to Josef Ackermann. As co - CEO Jain is responsible for the areas of corporate finance, sales and trading as well as Global Transaction Banking. His contract currently runs through 2017.

In the 140 year history of Deutsche Bank 's Jain Brit after the Swiss Josef Ackermann, the second foreign CEO or co- CEO of Deutsche Bank. In 2012 he as Jürgen Fitschen got a salary of € 4.8 million ( gross ).

Private

Anshu Jain is married to his wife Geetika, a Sikh for over 25 years, has two children and lives in the western district of London Royal Borough of Kensington and Chelsea. He belongs to the Indian religion of Jainism. Followers of this faith community do not drink alcohol, are vegetarian and abhor all forms of violence.

Jain 's income and assets millionaire millionaire. His personal fortune is estimated at € 60 million. He is fluent in English, Hindi and a little German. Privately, he enjoys playing golf and cricket, which is why he wrote about a magazine article on the occasion of the Cricket World Cup 2011. Another hobby is wildlife and landscape photography in Africa.