Deutsche Bank CEO Anshu Jain has played a central role in building the bank’s investment banking business over the years, the arm that accounts for the lion’s share of Deutsche’s profits. So it should come as no surprise that Mr. Jain, who took over as Co-CEO of the bank with Jürgen Fitschen in May, decided to plunk some of his personal funds into the New York real estate market.
While $7.2 million—the amount Mr. Jain paid for the two-bedroom, 2.5-bath condo at 151 East 58th Street— might seem like a fortune to most of us, it’s pretty much a pittance for the bank boss. And we’re pretty sure it’s a pied-a-terre as the Indian-born British citizen keeps a primary residence in London with his family and owns another place in Frankfurt. Read More