UBS Clinches Deal With India Wealth Manager 360 One

UBS Clinches Deal With India Wealth Manager 360 One

UBS Group AG entered an exclusive partnership with India’s 360 One WAM Ltd. for a deal that likely will turbo-charge the Swiss bank’s exposure to the country’s booming wealth market.

360 ONE WAM Q4 Results Review — ICICI Securities Maintains 'Add' Rating Citing Multiple Growth Triggers

Considering the growth opportunities and synergies from the B&K acquisition and UBS collaboration, structural opportunity in wealth management along with a new segment (HNI) and the play on alternatives through the asset management segment, the brokerage maintains its multiple at 35x on FY27E EPS of Rs 33.5. The brokerage now factors in additional dilution due to UBS buying 4.95% stake in 360One and added 20.5 million new shares, expecting the d…

360 ONE to Acquire UBS's Wealth Business in India

According to a joint announcement, 360 One WAM will purchase Swiss financial services titan UBS's domestic wealth management division for INR 307 crore. By purchasing 20.5 million warrants at a price of INR 1,030 each, which must be converted within 18 months of the allotment date, the company will also acquire a 4.95% ownership stake in 360 One WAM.According to the statement, 360 One will also purchase UBS's residual loan portfolio, discretiona…

UBS Bucks the Wealth Onshoring Trend in India

Several private banks have been expanding in India’s onshore market and enjoying the fruits of their labor. UBS has bucked the trend by ending its on-the-ground presence in the fastest-growing economy in the world.

UBS Enters Exclusive Strategic Collaboration with India’s 360 ONE WAM

As part of the deal, UBS will transfer its onshore wealth management business in India to 360 ONE, while 360 ONE clients booked in Singapore will be served by UBS.  UBS will also acquire warrants for a 4.95% stake in 360 ONE, signalling its long-term commitment to the Indian ultra and high-net-worth segment. The collaboration combines UBS’s global capabilities with 360 ONE’s local expertise, allowing both firms to offer onshore and offshore weal…

UBS to Transfer Onshore India Business to 360 ONE

UBS has entered a collaborative tie-up with 360 ONE WAM which includes the transferral of its onshore India wealth business. UBS has entered an exclusive strategic collaboration with 360 ONE WAM – a Mumbai-headquartered wealth and asset management firm with around $68 billion in client assets – according to a statement. The collaboration, subject to regulatory requirements and approvals, proposes that clients from both institutions have access t…