Is that just color changes or are there pieces of scales missing? It could be a number of different things, from stress to a bacterial infection, to even gill flukes. How long have you have him? Is another picking or bothering him? Is he still eating?
As mentioned it could be a number of different causes which cause fish too lose their color pigmentation from stress, decease or even nutritional deficiencies. If it still eating try soaking it's food in Selcon and Vita chem.