Julius Baer fully acquires subsidiary Kuoni Mueller
Julius Bär has acquired the remaining shares of Kuoni Mueller & Partner AG and renamed the real estate services firm to Julius Bär Real Estate AG as of September 1. Thomas Hodel will take over as CEO starting February 2024.
Julius Baer has renamed its subsidiary Kuoni Mueller & Partner Ltd. as Julius Baer Real Estate Ltd. with effect from 1 September, the Zurich-based banking group announced in a press release. To this end, Julius Baer has now also acquired the remaining shares in the Zurich-based real estate services company, 83 percent of which were acquired in October 2021. The financial details of the complete takeover are not disclosed in the press release.
Julius Baer Real Estate Ltd. is to be managed by Thomas Hodel from February next year. The designated Managing Director has “many years of sound experience in the transaction sector and in management positions in the real estate brokerage business relevant to Julius Baer Real Estate Ltd.”, according to the press release. Dominik Weber, the current Managing Director and former majority shareholder of Kuoni Mueller & Partner, is moving to the Board of Directors of Julius Baer Real Estate Ltd.