Anshu Jain, former co-CEO of Deutsche Bank, joined financial services company Cantor Fitzgerald as president.

Jain will work with Howard W. Lutnick, chairman and CEO of CFLP.

“I am excited to welcome Anshu as president of Cantor Fitzgerald. Anshu is a world-class leader in the financial services industry. With this outstanding addition, we expect to improve our already exceptional service to clients, extend and expand the products and services we offer, and increase the capital available to assist clients,” said Lutnick.

Jain was co-CEO of Deutsche Bank from June 2012 to June 2015. He was also a member of the management board from 2009 and the Group Executive Committee from 2002. Jain joined Deutsche Bank from Merrill Lynch in 1995. He is widely recognized for building the bank’s markets business and for helping transform Deutsche Bank into a global universal bank with a leading investment banking franchise.

Jain has advised governments and industry bodies around the world. He led Deutsche Bank’s team advising the UK Treasury on financial stability, sat on the board of directors of the Institute of International Finance and was a member of the Financial Services Forum. He served on the International Advisory Panel of the Monetary Authority of Singapore.

Shawn Matthews will remain the president and CEO of Cantor Fitzgerald & Co., the firm’s broker-dealer subsidiary.