Sunday, May 20, 2012

Will Anshu Jain Replace Jamie Dimon at JPMorgan Chase?

That's the speculation. Janet Tavakoli emails:
Anshu Jain has a stronger derivatives background than Jamie, but they’ll have to pry Jain from London first.  He’s currently co-CEO at Deutsche Bank.
 Jain studied economics at University of Delhi's Shri Ram College of Commerce, earning a bachelor's degree with honors in 1983. He also holds an MBA in Finance from the University of Massachusetts Amherst.

After finishing his education, he started as an analyst in derivatives research at Kidder, Peabody & Co. (now part of UBS) where he worked from 1985 to 1988. After three years, he joined Merrill Lynch in New York where he founded and led the securities industry’s first dedicated hedge fund coverage group, according to Wikipedia.

In 1995, Jain joined Deutsche Bank’s nascent markets business to set up and run a specialist unit focusing on hedge funds and institutional derivative coverage.

Since 2002, he has been in the Deutsche Bank Group Executive Committee and was formerly head of Global Markets and joint head of the Corporate and Investment Bank from 2004. His previous roles included head of fixed income sales and trading, global head of derivatives and emerging markets as well as the global head of institutional client coverage.

As of July 27, 2011, he was appointed as CO-CEO of Deutsche Bank.

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