ING has launched private banking services in Spain and Italy for clients with financial assets of at least €500,000 ($559,670).
The move extends ING’s existing private banking presence in the Netherlands, Belgium, Luxembourg, and Poland. It is part of the bank’s Get Europe Invested programme, which focuses on increasing access to long-term investing.
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Clients may invest independently, use personal investment advice, or appoint ING to make day-to-day investment decisions through discretionary portfolio management.
In Spain, ING already has more than 6,000 clients in the relevant segment.
Its private banking operation includes 35 private bankers and more than 50 specialists working across products, customer experience, and technology.
In Italy, ING has about 40 private bankers serving clients.
The bank plans to add advanced advisory services, access to private markets, and further wealth management solutions over time.
ING has operated in private banking for more than 30 years.
Across its markets, it provides investment services to more than five million clients and reports more than €300bn in assets under management and brokerage.
ING private banking, wealth management & investments global head Anneka Treon said: “Expanding our Private Banking offering in Spain and Italy is an important step and supports our goal to Get Europe Invested.
“By combining the scale, technology and investment expertise we have built across ING with strong local teams, we can give more clients access to personalised support while allowing them to choose how and when they engage with us.”
