Julius Baer completes acquisition of ING Bank (Switzerland) Ltd.

Friday, 15. January 2010 07:00
Julius Baer Group Ltd. / Julius Baer completes acquisition of ING Bank (Switzerland) Ltd. processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Zurich, 15 January 2010 --- Julius Baer has successfully completed the
acquisition of ING Bank (Switzerland) Ltd. that was announced in October 2009.
The integration of the new business units is progressing as planned.

The acquisition of ING Bank (Switzerland) Ltd. (including its subsidiaries ING
Bank (Monaco) SAM, ING Bank (Jersey) Ltd. and ING Fiduciary Services (Suisse)
SA) will significantly strengthen Julius Baer's operations in the
French-speaking region of Switzerland - particularly in Geneva.

The merger of ING Bank (Switzerland) Ltd. and Bank Julius Baer & Co. Ltd. is
scheduled to take place on 1 March 2010. All of the units that were acquired
will subsequently operate under the Julius Baer brand. The technical integration
process is expected to be completed in summer 2010.

Boris F.J. Collardi, Chief Executive Officer, commented: "I am pleased that we
have completed the acquisition within the designated timeframe and have thus
been able to further strengthen our position as the leading Swiss private
banking group. The integration process is running smoothly thanks to the
excellent cooperation with our new colleagues and we expect to achieve the
synergies that were previously announced. Our clients will benefit from new
opportunities as a result of the strengthening of our local franchises."


Contacts


Media Relations              Tel. +41 58 888 8888
Investor Relations Tel. +41 58 888 5256




About Julius Baer

The Julius Baer Group is the leading Swiss private banking group, with an
exclusive focus on servicing and advising private clients. Julius Baer's total
client assets amounted to CHF 234 billion at the end of October 2009, with
assets under management accounting for some CHF 150 billion. With origins dating
back to 1890, Bank Julius Baer & Co. Ltd. is both the principal operating
company and renowned Swiss private bank of the Julius Baer Group Ltd., whose
shares are listed on the SIX Swiss Exchange and form part of the Swiss Market
Index (SMI), which comprises the 20 largest and most liquid Swiss stocks.

Julius Baer employs a staff of over 3 000 in more than 20 countries and some 40
locations, including Zurich (head office), Buenos Aires, Dubai, Frankfurt,
Geneva, Hong Kong, London, Lugano, Milan, Moscow and Singapore.

For more information visit our website at www.juliusbaer.com




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Julius Baer Group Ltd.
Bahnhofstrasse 36; P.O. Box Zurich Switzerland

ISIN: CH0102484968;



Related Links: Julius Baer Gruppe AG
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