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Former Deutsche Bank chief Jain joins Cantor
03 January 2017
Jain spent over two decades at Deutsche Bank
Deutsche Bank’s former co-chief executive Anshu
Jain has joined Cantor Fitzgerald as president.
Jain, who stepped down from his Deutsche Bank duties in
2015, will help Cantor expand in areas including fixed-income
and equities trading as well as prime brokerage.
The firm is looking to capitalise as regulations force
global investment banks to cut businesses and restrict services
to some clients.
"With this outstanding addition, we expect to improve our
already exceptional service to clients, extend and expand the
products and services we offer, and increase the capital
available to assist clients," said Cantor’s chief
executive Howard Lutnik.
Shawn Matthews will remain the president and chief executive
officer of Cantor Fitzgerald & Co., the firm’s
Jain's Deutsche Bank career came to an end 18 months ago as
the German lender’s profitability started to
suffer and legal costs mounted.
He had helped build Deutsche Bank into Europe’s
biggest securities firm over two decades.
John Cryan became the new chief executive at Deutsche Bank
in July 2015.