HONG KONG (AFP) - A senior foreign banker was arrested in Hong Kong after crashing a luxury Ferrari car and allegedly killing a security guard in the collision in a car park, reports said Wednesday.

Police said the 48-year-old driver, identified in various reports as Robert Ebert, the head of equities for Asia Pacific at Deutsche Bank, was arrested on "suspicion of dangerous driving causing death".

"When reaching the car park's entrance, the private car reportedly lost control and collided with another private car... It then hit... a 53-year-old man who was next to the water barriers," police said in a statement.

"Sustaining serious head and shoulder injuries, the 53-year-old man... was certified dead at 2pm," the statement said.

Police said the collision happened early Tuesday in a car park near the Deutsche Bank office in the city's International Commerce Centre tower and identified the 48-year-old driver as a foreign man named James.

The South China Morning Post reported the Ferrari was worth HK$4.5 million (S$780,000).

The front page of the Apple Daily newspaper showed police officers checking the wrecked black Ferrari, while a video on the newspaper's website showed the driver wearing a dark blue suit and avoiding reporters' cameras.