M and A
Deals Of The Day: The Latest In Wealth Management M&A - Julius Baer
The latest developments in financial products and investments from around the world.
Julius Baer has
wrapped up the deal in which it bought 83 per cent of
Zurich-based real estate service provider KMP, aka Kuoni Mueller
& Partner. The remaining shares are held by the KMP partners, as
minority shareholders.
As a result of the transaction, 40 KMP employees became employees
of Julius Baer. Dominik Weber, former majority owner and chief
executive of KMP, was appointed head of real estate advisory of
Julius Baer, while also acting as chairman of KMP. KMP will
continue to operate in its established segments and markets under
its own brand name.
The new subsidiary KMP is an integral part of Julius Baer’s real
estate offering in Switzerland. It acts as a strategic partner in
the areas of property portfolio and asset management, brokerage
of private and commercial investment real estate, brokerage of
private residential real estate, property and construction
management, and real estate valuations.
