“We are deeply saddened that our beloved husband, son and father, Anshu Jain, passed away this night,” his family said in a statement, according to the report.
Jain, 59, survived his initial diagnosis, made in January 2017, by four years, his family added.
The Indian-born banker joined Deutsche Bank in 1995 to launch a division specializing in hedge funds and derivatives. He resigned from the German creditor in 2015 as co-CEO and has been chairman of financial services company Cantor Fitzgerald since 2017.