ING Bank (Switzerland) merged into Bank Julius Baer

Tuesday, 02. March 2010 16:55
Julius Baer Group Ltd. / ING Bank (Switzerland) merged into Bank Julius Baer processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Zurich, 2 March 2010 --- Following the closing of the acquisition on 14 January
2010 and with effect as of 1 March 2010, ING Bank (Switzerland) Ltd has been
merged into Bank Julius Baer & Co. Ltd.


As a result of the merger ING Bank (Switzerland) Ltd ("ING Bank") has been fully
absorbed by Bank Julius Baer & Co. Ltd. ("Bank Julius Baer"). 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.


Furthermore, ING Bank (Monaco) SAM has been re-branded to 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, further underlining Julius Baer's position as the leading Swiss
private banking group.

Contacts


Media Relations     Tel. +41 (0)58 888 8888

Investor Relations     Tel. +41 (0)58 888 5256



About Julius Baer

Julius Baer 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 241 billion at the end of 2009, with assets under management
accounting for CHF 154 billion. Bank Julius Baer & Co. Ltd., the renowned
private bank with origins dating back to 1890, is the principal operating
company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss
Exchange (ticker symbol: BAER) 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
Author:
Hugin
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