UBS said today that it has entered an exclusive strategic collaboration with 360 ONE WAM (360 ONE), one of India’s largest independent wealth and asset management firms.
UBS will also buy warrants for a 4.95% stake in 360 ONE, and a joint committee led by senior leaders from both institutions will be established to explore growth opportunities.
The strategic collaboration combines UBS’s global and regional expertise with 360 ONE’s local knowledge and reach to deliver enhanced benefits to clients and represents a significant advancement in UBS’s global Indian wealth management business, according to a statement by the Swiss bank.
Jin Yee Young, co-head global wealth management Asia Pacific, UBS said: “We are proud of this latest milestone and convinced that this strategic collaboration with 360 ONE will help accelerate our momentum in one of the world’s most significant and fastest-growing markets.”
As part of the collaboration, subject to regulatory requirements and approvals, it is proposed that clients from both institutions will have access to onshore and offshore wealth management solutions.
Karan Bhagat, founder, managing director & CEO, 360 ONE, commented: “Clients of 360 ONE and UBS AG will benefit from a unique blend of global expertise and local insight—delivered through a platform that remains deeply committed to personalisation, trust, and long-term value creation.”
Potential collaborative opportunities for asset management products and investment banking services will also be explored.
In addition, 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 Singapore, subject to the required approvals.
Mihir Doshi, India country head, UBS, said: “360 ONE’s robust onshore presence combined with our international non-resident Indian (NRI) hubs enable us to bring the best of India to the rest of the world and the world to India.”
Akhil Gupta, chairman, 360 ONE WAM, added: “With this transaction, it opens the way for a global, personalized, and sophisticated wealth management experience for both sets of clients as well as significant value enhancement to our employees and shareholders.”
