Kuoni Mueller & Partner, which provides real estate services and was acquired in October 2021, will be more closely integrated into the Julius Baer Group (whose main operating entity is Bank Julius Baer), according to a statement released on Thursday.

This is reflected, first, in the new name, Julius Baer Real Estate AG, effective since the beginning of September. Second, Julius Baer has acquired all remaining minority shares of the subsidiary (in 2021, it had acquired an 83 procent stake). Third, Thomas Hodel will take over as CEO of Julius Baer Real Estate on February 1, 2025. Hodel has extensive experience in transactions and senior roles in the real estate brokerage business.

Expanding the brokerage business

Hodel will aim to further strengthen the company’s position as a leading real estate service provider in Switzerland. Julius Baer Real Estate offers brokerage services for investment properties and owner-occupied residential properties, as well as property valuations. These services are provided from Zurich and Geneva, both for Julius Baer clients and external customers.

Dominik Weber, the long-time CEO and former majority shareholder, will remain with the company as a member of the board of directors and an advisor to Julius Baer Real Estate after the leadership transition to Hodel.