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Anshu Jain to head US investment bank

Anshu Jain, former co-chief executive of Deutsche Bank, has been appointed president of New York based investment Bank Cantor Fitzgerald. Chairman and CEO of the bank Howard Lutnick said with this outstanding addition, the bank expects to improve its already exceptional service to clients, extend and expand the products and services, and increase the capital available to assist clients. He described Jain as deal partner to drive growth during the next era of Cantor’s development. Cantor has been devastated by the 9/11 terror strikes on the World Trade Center. In his newly created position as group-level president, Jain will help oversee Cantor’s companywide strategy and expansion efforts in areas including fixed-income and equities trading and prime brokerage, said Lutnick, who rebuilt the firm after the terror strike. Jain will be based in London, and will spend a lot of time in the U.S. and Asia.

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