Julius Baer has completed the acquisition of 83 percent of Zurich-based real estate service provider KMP.

The remaining shares are held by the KMP partners, as minority shareholders, to continue the partnership model.

Forty 40 KMP employees have joined Julius Baer and Dominik Weber, former majority owner and chief executive of KMP, was appointed head of real estate advisory of Julius Baer, as well as chairman of KMP.

KMP will continue to operate in its established s...