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Jain Joins Cantor as President in Post-Deutsche Bank Restart

  • He will help oversee expansion of trading, prime brokerage
  • CEO Lutnick says Jain’s looking ‘to do something different’
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Anshu Jain Joins Cantor Fitzgerald as President

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Anshu Jain, the former Deutsche Bank AG co-chief executive officer, is joining Cantor Fitzgerald LP as president, restarting his career at a much smaller firm after leaving Germany’s largest bank amid mounting legal and regulatory problems.

Jain, 53, will help the closely held company expand in areas including fixed-income and equities trading as well as prime brokerage, Cantor Chairman and CEO Howard W. Lutnick said Monday in a phone interview. The firm is looking to capitalize as stiff regulations force global investment banks, including many in Europe, to pare businesses and pull back from some clients.