THE British banker suspected of being behind the horrific American Psycho-style killings of two Asian sex workers in Hong Kong is a 29-year-old Cambridge University graduate.

Rurik George Caton Jutting, 29, was arrested in the early hours of Sunday after the bodies of two women, believed to be Asian sex workers, were found by police in his 31st floor apartment in the former British colony.

Expand Close Rurik Jutting is being questioned over the murders of two sex workers found in his flat in Hong Kong Photo: Reuters/Facebook / Facebook

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Whatsapp Rurik Jutting is being questioned over the murders of two sex workers found in his flat in Hong Kong Photo: Reuters/Facebook

Mr Jutting, who is an employee of Bank of America Merril Lynch, apparently vanished from his place of work around a week ago, a co-worker told The Telegraph. The South China Morning Post reported that he had recently resigned.

Police found the two dead women, thought to be a 25-year-old from Indonesia and a 30-year-old from the Philippines, at Mr Jutting's apartment in Hong Kong's Wan Chai district at around 3.45am on Sunday.

Police believe the Indonesian victim, who was reportedly found naked, partially decapitated and inside a suitcase on Mr Jutting's balcony, had been dead for up to five days. Her body was in an advanced state of decomposition and one neighbour in the J Residence building said he had noticed "a stink in the building like a dead animal".

The Filipina victim had sustained multiple stab wounds and was found lying on the floor inside the £3,000-a-month flat.

Mr Jutting, who studied history and law at Cambridge University and was a member of its rowing club, was seen returning to his flat in the company of a scantily-clad woman at just after midnight on Saturday night, Hong Kong's Mingpao newspaper claimed.

Policemen on the balcony of a unit in which two women's bodies were found in a flat at Hong Kong's Wanchai district (Reuters)

At 3.42am the British banker allegedly called the police. They arrived a short while later and took him into custody, the newspaper added.

Forensic teams also reportedly found sex toys, a small quantity of cocaine and a smartphone that belonged to Mr Jutting at the apartment.

"Police are investigating whether there are more victims," a police source told the South China Morning Post on Sunday.

Takungpao, another local newspaper, said police were also investigating the possibility of a second suspect.

The reported crime scene recalled Bret Easton Ellis' book "American Psycho" where numerous barbaric crimes occur in the apartment of a Wall Street investment banker.

Wan Chai, where Mr Jutting lived, is a skyscraper-packed neighbourhood on Hong Kong island that is popular among affluent young expats and is also home to a notorious red light district.

"He always seemed so sad - he never said hello to any of us or smiled," said an employee at Mr Jutting's building, who said he had seen the British man being taken away by police at around 4am on Sunday.

"I can't say any more because of security," added the employee - who declined to be named but works at the building, which is just two blocks from Wan Chai's main drag of strip clubs and prostitution houses.

Police investigators were visiting Wan Chai's pubs and vice dens on Sunday in an attempt to piece together the lives of the two women, the South China Morning Post said.

Mr Jutting studied at Winchester College, an independent boys school in Hampshire, before continuing his studies at Cambridge University where he became secretary of the history society.

He appears to have worked for Barclays in London between 2008 and 2010 before moving to the United States to work for Bank of America Merrill Lynch.

The company seconded him to Hong Kong in the summer of 2013. His last known address in the UK was in Wapping.

Prior to his arrest, Mr Jutting had been in a relationship with an Asian woman called "Yanie", according to posts on his Facebook page. A message posted on the social network read: "Money does buy happiness".

One co-worker at the Bank of America Merrill Lynch in Hong Kong, who declined to be named, described Mr Jutting as someone who "talked very loud and made ---- loads of money".

Mr Jutting’s parents, Graham, 53, and Helen, 52, live in a large red brick gothic-style property at the bottom of a country lane on the outskirts of the smart commuter town of Cobham, Surrey.

A man, thought to be Mr Jutting's father, looked shattered as he told reporters on Sunday morning: "Please respect our privacy".

Set behind security gates, the property is in a secluded spot surrounded by woodland. The family moved there in 2002 from nearby Chertsey.

Mr Jutting’s father is an engineer and his mother, a teacher, runs Tumble Tots classes for toddlers in Surrey.

The couple are keen beekeepers. They have one other son, Auryn, 27, who attended Oxford Brookes University and is believed to live in Brighton.

Telegraph.co.uk