Bank Julius Baer, a traditional private bank based in Zurich of Switzerland, was granted a banking license by the Hong Kong Monetary Authority (HKMA), the HKMA said Wednesday in a statement. It brought the number of licensed banks in Hong Kong to 147, according to the statement. Julius Baer is a bank incorporated in Switzerland and has maintained a local representative office in Hong Kong since 2006. The firm dates back to the year 1890 when it was founded by the banker of the same name. 