Bad timing puts paid to Anshu Jain’s dream



By Patrick Jenkins

Anshu Jain had dreamt of leading Deutsche Bank for years. But in 2012, when he was finally elevated to the top job, the Indian-born, City of London-trained banker knew full well that the timing was bad.

The finest days of banking — in particular, the investment banking business he knew so well — were over.

No matter. Like peers at HSBC (Stuart Gulliver) and Barclays (Bob Diamond), Mr Jain — a fiercely bright, fiercely ambitious fixed-income trader — had been Deutsche’s obvious next chief executive.

Investment bankers had held such sway in the run-up to the 2008 crisis that they were the natural successors to the CEO roles even after investment banking had become a dirty word.

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