Sascha Schornstein, 36, from Knightsbridge, has not been seen since his single-engine aircraft came down off the coast of Kent a week ago.
Investigators pulled a small amount of wreckage from the sea but have found no trace of the financier’s body, parachute or flight data.
According to the report, this is being treated as a missing persons investigation.
Schornstein works in Structured Trade and Commodity Finance at
He graduated from the London School of Economics.