ING bank's French regions to strengthen Julius Baer

Swiss bank Julius Baer has acquired ING Bank (Switzerland) including its subsidiaries in Monaco, Jer

The acquisition is expected to strengthen Julius Baer's operations in the French-speaking region of Switzerland, particularly in Geneva.

The merger of ING Bank (Switzerland) and Bank Julius Baer will take place on 1 March 2010.

All the acquired units will subsequently operate under the Julius Baer brand. The technical integration process is expected to be completed in summer 2010.