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.

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…

UBS has entered into a strategic partnership in India to expand its asset management business. Partner is "360 One Wam Ltd", one of the largest independent asset managers and asset managers in India, according to UBS.

UBS resets India strategy with 360 ONE deal

[HONG KONG/BENGALURU] UBS said on Tuesday (Apr 22) that it would sell its Indian wealth business to 360 ONE WAM and take a stake of nearly 5 per cent, worth some US$220 million, in the Mumbai-based asset manager, adding that it might consider boosting its ownership.

UBS to sell its India wealth business to asset manager 360 ONE WAM for $36mln

As part of the deal, 360 ONE said it will buy UBS' local stock broking and distribution business