Deutsche Bank AG is looking to replace CEO John Cryan in the wake of an intensifying boardroom row over the German investment bank's future and distress at its performance, The Times reported, citing a "senior source" and a "person close to the bank."

Goldman Sachs Group Inc.'s vice chairman Richard Gnodde was approached for the top post, but he has reportedly turned down the offer.

Deutsche Bank has considered others, including Jean Pierre Mustier, chief executive of UniCredit SpA, and Bill Winters, chief executive of Standard Chartered PLC, to replace Cryan, the report said.

Marcus Schenck, Deutsche Bank's co-head of corporate and investment banking, was also seen as a strong candidate to succeed Cryan, amid a breakdown in the relationship between him and Deutsche Chairman Paul Achleitner.