The colleagues of a security guard who died after being shot during an ambush in Sydney's CBD say his death has shocked them.
A 59-year-old Chubb guard from Sutherland Shire died after being shot in the chest during a confrontation with four masked men about 6:00am AEST today.
He and two colleagues had been making a cash delivery to a hotel complex near the corner of Sussex and Market Streets.
He was taken to RPA Hospital in Camperdown in a critical condition, but later died.
It is not yet known if the guard's two workmates returned fire.
Contrary to earlier reports, it has been confirmed that the thieves did get away with cash and one of the guards' guns.
It is not known if any money was stolen but a guard's handgun was taken.
In a statement, Chubb Security Services managing director Maurice Carr said staff at the company were in mourning.
"This attack has affected us all in a very personal way," he said.
"We feel the loss of our colleague deeply and our thoughts are with his family."
Detective Acting Superintendent Greg Antonjuk it is unclear whether it was a planned ambush.
"It's very early in the investigation and as everyone knows, these security vans operate across the Sydney Metropolitan Area," he said.
"So as to what happened leading up to it we won't comment at this time."
Police are now reviewing CCTV footage of the incident.
They are looking for a silver Audi used in the ambush
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