Police in Liechtenstein say they are hunting a man that news media reported is suspected of killing the chief officer of Bank Frick & Co, Juergen Frick.

Police in Liechtenstein say they are hunting a man that news media reported is suspected of killing the chief executive officer of Bank Frick & Co, Juergen Frick.

According to Bloomberg – which cited local Swiss radio – the deceased is Juergen Frick.

The Liechtenstein police’s website said that a “48-year-old man” was shot dead in the underground garage of a financial institution in Balzers at 7:30 am yesterday; the suspected killer, Juergen Hermann, fled the scene.

The police statement hasn’t named the victim or the bank. WealthBriefing contacted the police in Liechtenstein and it did not give an identity in an email response.

Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said, according to a translation of the report by Bloomberg.

The Liechtenstein government and the country’s Financial Market Authority “illegally destroyed my investment company Hermann Finance and its funds, depriving me of my livelihood,” the news service quoted a website registered under the name Juergen Hermann of Hermann Finance AG, as saying. This publication also contacted the FMA seeking further comment.

A Linkedin website page describes Hermann as the owner and president of Hermann Finance; his industry sector is described as “clean energy” and “greentech investments”. The link for his website is www.hermannfinance.com

Bloomberg said Hermann has filed lawsuits seeking recovery of SFr200 million ($225 million) from the government and SFr33 million from Bank Frick. The lender “illegally enriched itself,” among other alleged crimes, his website is quoted as saying. (When WealthBriefing examined the site, it could not find the statements mentioned.)

Separately, the Financial Market Authority in Liechtenstein commented to this publication on the issue, noting that Hermann had been "hostile" towards it and several FMA staff.

"The FMA as an autonomous establishment under public law with its own legal personality was founded at the end of 2004. Jürgen Hermann was therefore never a financial intermediary under the supervision of the FMA Liechtenstein. The incidence which led to a long dispute between Jürgen Hermann and Liechtenstein and others took place before the FMA was founded," it saidl.

"Before the FMA was set up, the supervision of the financial market was integrated in an administrative body in the Liechtenstein administration. At the beginning of 2005, several employees changed to the FMA Liechtenstein. During the last years, Jürgen Hermann was publicly hostile to the FMA and some of its employees. Therefore, after the tragic incident yesterday, we have taken security measures," it added.