Cops Hunt Hedge Fund Boss in Banker's Murder
Plus: Possible banker murder-suicide investigated in Netherlands
By Matt Cantor, Newser User
Posted Apr 7, 2014 11:08 AM CDT
A hedge fund manager is wanted in the shooting of a bank CEO in Liechtenstein.   (Shutterstock)

(Newser) – The hunt is on for an "armed and dangerous" man in tiny Liechtenstein. Police say hedge fund manager Juergen Hermann is suspected of shooting and killing the CEO of Bank Frick in an underground parking lot, the Local reports. According to Swiss reports, the victim was Juergen Frick, 48, Bloomberg notes. Hermann fled in a Smart car that has since been recovered; now, "the area is being searched by police with dogs and helicopters," police say. Hermann's company went bankrupt in 2004, and he apparently held the bank partially accountable.

It's not the only death rocking the world of finance: In the Netherlands, a former top banker and his wife and daughter have been found dead in their home. Police are investigating that case as a murder-suicide. Jan Peter Schmittmann, 57, was previously in charge of the bank ABN Amro Nederland; when it was nationalized, he left the company. His wife, Nelly, was 57 and their daughter, Babette, 22; another daughter wasn't home during the incident, DutchNews reports. "We hope to be able to shed light on what has happened" over the next few days, police say, per Businessweek. An inquest began last month into the possible suicide of former Deutsche Bank exec William Broeksmit; another is due in May concerning the death of JPMorgan VP Gabriel Magee, who fell from JPMorgan's 33-story building in London, Businessweek reports.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Cops Hunt Hedge Fund Boss in Banker's Murder is...
13%
45%
20%
10%
10%
2%
Show results without voting
You Might Like
Comments
Showing 3 of 13 comments
TwoSheds
Apr 8, 2014 6:17 AM CDT
Well one thing is for sure--he couldn't have gone far if he is in Liechtenstein.
FarmerMichael
Apr 8, 2014 2:34 AM CDT
One has to go to Liechtenstein to find justice for a banker? Wow....what a lobby these guys have.
dan6807
Apr 7, 2014 3:39 PM CDT
About time someone started removing the greedy bast**ds from the system.