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Saturday, April 7, 2012

Power Profile: Anshu Jain

Position: Co-CEO Deutsche Bank

Location: London

            • Bachelors Degree, University of New Delhi 1983
            • MBA in Finance, University of Massachusetts Amherst

                                Professional Background:

Anshu Jain began his career as a derivatives research analyst at Kidder, Peabody & Co. in 1985. in 1988 he founded the industry's first true hedge fund coverage group at Merrill Lynch. Jain joined Deutsche Bank in a similar role in 1995 as he established a unit focused on hedge funds and institutional derivatives coverage. In 2004 Jain became CEO of DB's Corporate Investment Bank. In July 2011 it was announced Jain would become Co-CEO and a successor to Josef Ackermann who is leaving the bank next month.

Jain has been the highest earner in the bank earning €10 million in 2011 and €11.9 million in 2010.

More on Anshu Jain:

  • Jain will be taking a pay cut in his new role as his salary will be brought to parity with the other co-CEO, Juergen Fitschen [Bloomberg]
  • Could Jain's German skills be a roadblock? [Businessweek]
  • New York Times Profile [NYT]
  • Jain's 2011 Compensation Details [Reuters]
  • Deutsche Bank Management Team [DB]
  • Anshu Jain Wikipedia Page [Wikipedia]

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