Jain Finds Second Act as Ex-Deutsche Bank Chief Joins Cantor
- Smaller firm hires global bank’s former rainmaker as president
- Jain is returning to his trading ‘sweet spot,’ professor says
Anshu Jain Joins Cantor Fitzgerald as President
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He was a rainmaker who helped build Deutsche Bank AG into a Wall Street juggernaut before post-crisis rules and probes slashed profits, prompting the firm to shrink and him to move on. Now, a smaller rival is giving Anshu Jain a chance to prove his prowess anew.
Jain, who stepped down as co-chief executive officer of Germany’s largest bank in mid-2015, will join Cantor Fitzgerald LP as president in coming weeks to help the New York-based firm grow businesses including trading and prime brokerage. His new employer’s financial services and real estate units collectively have more than 10,000 workers -- but that’s just a 10th what Jain previously led.