Steven DeMocker was arrested on the charge of first-degree murder of Carol Kennedy, 53, who died on 2 July this year. He was also arrested by Yavapai County Sheriff officials in Arizona on a charge of first-degree burglary, the newspaper said.

YCSO officers took Mr DeMocker into custody at UBS Wealth Management’s offices on Camelback Road in Phoenix, where the company's website lists him as being senior vice president for investments, the publication added.