Cops Hunt Hedge Fund Boss in Banker's Murder

Plus: Possible banker murder-suicide investigated in Netherlands

By Matt Cantor,  Newser Staff

Posted Apr 7, 2014 11:08 AM CDT

(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.

A hedge fund manager is wanted in the shooting of a bank CEO in Liechtenstein.
A hedge fund manager is wanted in the shooting of a bank CEO in Liechtenstein.   (Shutterstock)
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