Former Deutsche Bank co-chief exec takes president role at broker Cantor Fitzgerald
Former Deutsche Bank co-chief executive Anshu Jain has joined broker Cantor Fitzgerald as president.
The job move was revealed today by Cantor’s chief executive and chairman, Howard Lutnick.
Read more: Deutsche Bank's co-chiefs have resigned
Jain and fellow co-chief executive Juergen Fitschen resigned from Deutsche Bank in June 2015 amid growing pressure from investors over their management.
In his newly created Cantor role, Jain will oversee strategy and expansion, including into Asia, across the company.
Read more: Jain takes responsibility for Libor but won’t quit
Lutnick praised Jain’s “vast knowledge and experience across the entire global financial footprint” in an interview with the Wall Street Journal.
He said: “He’s my partner at the parent company, so his roles are very much vision, direction and then helping build the teams to execute. It’s not an operating role.”