As a result of the merger ING Bank (Switzerland) has been fully absorbed by 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.
However, 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) to Bank Julius Baer (Jersey).
With this merger, the presence of the Julius Baer has been strengthened in Switzerland, Monaco and the Channel Islands.
