Archive:Anshu Jain
Anshu Jain(* 1963 in Jaipur , Rajastan) is an Indian financier. He is the head of global markets at Deutsche Bank.
He was ranked second in the eFinancialNews article 100 Most Influential People.
Jain studied economics at Shri Ram College of Commerce at Delhi University, earning a bachelor's degree with honors in 1983. He continued with an MBA at the University of Massachusetts Amherst through 1985. After having finished university he started as an analyst at Kidder Peabody & Co. ( now part of UBS).Three years later he joined Merril Lynch where he became a managing director. In 1995 he left Merrill Lynch together with his mentor Edson Mitchell to join Deutsche Bank. Since 31 January 2001 he has been in the Deutsche Bank Group Executive Committee (GEC)head of Global Markets. In the five years since joining Deutsche Bank his company division earned 16 bln Euro net, without all bonus payments (16 000 000 000 €).The German business journal Wirtschaftswoche estimates that Jain's division earned about 50% of the total profit of Deutsche Bank in 2005.
In his spare time, he captains Deutsche Bank's cricket team and is a keen amateur photographer. He lives with his family (wife and two children) in the West of London.
Trivia
Jain is tipped to take over from Josef Ackermann as Global CEO of Deutsche Bank when the latter retires in 2010. Jain is also understood to have a substantial personal holding in Deutsche Bank stock. German media reports have suggested that if he does not get the top job in 2010, he might engineer an exit of his entire team (the most profitable division within Deutsche Bank) or even pass on his sharholding in Deutsche Bank to another bank that might consider acquiring Deutsche Bank. Jain is understood to hold more than 2% of Deutsche Bank's shares.
External links
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