Quintin Price, head of Deutsche Asset Management, will be taking a medical leave of absence, said a statement issued by Deutsche Bank co-CEO John Cryan.
Jon Eilbeck, global chief operating officer and regional head for Asia-Pacific at Deutsche Asset Management, will cover Mr. Price's operational responsibilities in his absence, while Mr. Cryan will represent asset management on the management board.
Mr. Price's treatment plan is still being finalized, but it will necessitate his full-time focus for the foreseeable future as he undergoes further tests and consultations, Mr. Cryan said in the statement.
Mr. Price was a senior managing director and head of alpha strategies at BlackRock before taking on management board responsibility for Deutsche Asset Management in January.
