Deutsche Bank Board Member Price Leaves After Less Than 1 Year

Deutsche Bank AG’s Quintin Price, head of asset management and a member of the board, is leaving after less than a year at Germany’s biggest bank. Price asked to end his contract from June 15 after going on medical leave in mid-April, the Frankfurt-based lender said in a statement Wednesday. Jon Eilbeck, global chief operating officer and regional head of Asia Pacific at Deutsche Asset Management, will continue to lead operational responsibilities for the business until a successor is found, the company said. “We are grateful to Quintin for his contributions to the bank and regret that he is unable to continue his efforts for Deutsche Bank,” said Chairman Paul Achleitner. “The supervisory board respects Quintin’s decision to focus on his treatment plan.”