Ex-Deutsche Bank chief to join Cantor Fitzgerald as president

New York

ANSHU Jain, who was forced to step down from the top job at Deutsche Bank after a series of regulatory mishaps, will join the private trading firm Cantor Fitzgerald this month as group president.

The appointment, which was announced in an internal email on New Year's Day by Cantor's chairman and chief executive, Howard Lutnick, comes 18 months after Mr Jain resigned under pressure from his job as co-chief executive of Germany's largest bank as concerns mounted over Deutsche's financial health and the many investigations it was facing. A Cantor spokeswoman confirmed the appointment on Monday.