FN 100 seeks to measure the influence individuals have on the European financial markets. The 2007 survey- being done for the third year -by the Financial News has Jaipur, Rajasthan born Anshu Jain holding his No.2 spot for the third year running.
The 44 year old Jain joined Deutsche Bank in 2001. An MBA in Finance from the University of Massachusetts, Amherst, Jain worked with Kidder Peabody and Merrill Lynch before joining Deutsche Bank.
The German business journal Wirtchaftswoche estimates that Jain’s divison earned about 50 % of Deutsche Bank’s profit in 2005. He is jointly responsible for managing the Bank’s corporate loan portfolio of 170 billion Euros. Jain has been a key figure in turning Deutsche Bank from a stodgy large German commercial bank to a global investment powerhouse that earns more than 80 % of its revenues from outside Germany.
Jain is considered a strong contender to succeed CEO Josef Ackermann when he steps down in 2010.