ARCHIV - Anshu Jain, aufgenommen am 05.02.2009 auf der Bilanz-Pressekonferenz der Deutschen Bank in Frankfurt am Main. Die Zahlen sind glänzend, der Chef gefragt - doch die Deutsche Bank kommt nicht aus den Schlagzeilen. Wer wird Nachfolger von Chef Ackermann? Der Aufsichtsrat bleibt bisher Antworten schuldig, der Druck wächst. Eine Vorentscheidung könnte an diesem Sonntag fallen. Anshu Jain, oberster Investmentbanker des Konzerns und Großverdiener - für die Bank wie in eigener Sache - wird seit Jahren als Kronprinz gehandelt. Foto: Arne Dedert dpa/lhe (zu dpa vom 08.07.2011) +++(c) dpa - Bildfunk+++

Former co-CEO of Deutsche Bank, Anshu Jain, died Friday night. The “Deutsche Bank” announced on Saturday after the “Financial Times” and “Bloomberg” had already reported on the death of the 59-year-old.

Accordingly, Jain is said to have suffered from cancer. According to the bank’s announcement, he died on Saturday night “after a long, serious illness”.

Jain led the company for three years, from 2012 to 2015 as Co-Chairman of the Board. At the time, he and his co-incumbent Jürgen Fitschen resigned after growing criticism.

Jain has played “a defining role in the development of Deutsche Bank” for over two decades and has played a key role in building up the group’s global capital markets business, the statement said. CEO Christian Sewing recalled the manager’s “passionate leadership of intellectual brilliance”. “He deeply impressed many of us with his energy and loyalty to our bank.”

In his three years as co-head of Deutsche Bank, however, he never quite got rid of his image as an unscrupulous investment banker: the list of scandals at the institute was long, and the shareholders eventually punished the dual leadership of Anshu Jain and Jürgen Fitschen.

Jain’s family said in a statement obtained by the Financial Times that Jain died after a five-year battle with cancer. However, he lived four years longer than his doctors’ original prognosis. “Until the last day, Anshu has pursued his lifelong goal of ‘not being a statistic,'” the paper said.