Bank Julius Baer completes merger

Thursday, 04 March 2010

Following the closing of the acquisition on January 14, 2010 and with effect as of March 1, 2010, ING Bank (Switzerland) has been merged into Bank Julius Baer & Co.

As a result of the merger, ING Bank (Switzerland) has been fully absorbed by Bank Julius Baer & Co. This means that Bank Julius Baer has assumed the business of ING Bank and will continue the business operations under its own name. The technical migration of ING Bank's IT platform to the Bank Julius Baer systems is expected to be finished by mid-year 2010.

ING Bank (Monaco) SAM has been re-branded as Bank Julius Baer (Monaco) SAM and ING Bank (Jersey) Limited to Bank Julius Baer (Jersey) Limited.

With this merger, the presence of the Julius Baer brand is significantly strengthened in the French-speaking part of Switzerland, in Monaco and the Channel Islands.