{"id":12418,"date":"2009-10-08T06:16:14","date_gmt":"2009-10-08T10:16:14","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12418"},"modified":"2009-10-08T06:16:14","modified_gmt":"2009-10-08T10:16:14","slug":"julius-baer-buys-ings-swiss-private-banking-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2009\/julius-baer-buys-ings-swiss-private-banking-business.html","title":{"rendered":"Julius Baer buys ING&#8217;s Swiss private banking business"},"content":{"rendered":"<p>Finance Asia &#8211; Swiss private bank Julius Baer Group will buy ING Bank (Switzerland) for SFr520 million ($505 million) in cash.<\/p>\n<p>Julius Baer will gain SFr15 billion of assets currently under management with ING in Switzerland, adding 10% to its current AUM. This will take Julius Baer&#8217;s AUM to SFr160 billion as of August. The acquisition price translates into about 2.3% of AUM, excluding capital deemed surplus on the books of ING Bank (Switzerland), and about 3% of AUM including the surplus capital, according to Julius Baer.<\/p>\n<p>Julius Baer will also double its presence in Geneva through the addition of 310 ING staff, of which 80 are relationship managers.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.financeasia.com\/article.aspx?CIaNID=114285\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Asia &#8211; Swiss private bank Julius Baer Group will buy ING Bank (Switzerland) for SFr520 million ($505 million) in cash. Julius Baer will gain SFr15 billion of assets currently under management with ING in Switzerland, adding 10% to its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15936,4502,15937],"class_list":["post-12418","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-acquisition-price","tag-private-bank","tag-swiss-private-banking"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12418"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12418\/revisions"}],"predecessor-version":[{"id":12420,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12418\/revisions\/12420"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}