April 22, 2025
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360 ONE WAM to Acquire UBS AG’s Onshore India Wealth Business for Rs.307 Crore; Announces Strategic Partnership
360 ONE WAM, one of India’s leading independent wealth and asset management firms, has announced the proposed acquisition of the onshore India wealth management business of UBS AG through its subsidiaries, for a net consideration of Rs.307 crore.
The acquisition includes a comprehensive suite of operations under UBS’s India wealth platform. This spans stock broking services, distribution business, discretionary and non-discretionary portfolio management, as well as the residual loan portfolio of wealth management clients in India. Structured as a slump sale, the transaction is expected to cover all active operational assets of the UBS India wealth franchise, which reported assets under management (AUM) of approximately Rs.26,000 crore as of December 31, 2024.
Alongside the acquisition, 360 ONE has also entered into an exclusive strategic collaboration with UBS to strengthen wealth management offerings across India and global markets. The partnership will aim to offer clients of both institutions enhanced access to onshore and offshore wealth solutions, combining 360 ONE’s local market expertise with UBS’s global and regional capabilities.
As part of this alliance, UBS will subscribe to warrants representing a 4.95% equity stake in 360 ONE, underscoring its long-term commitment to the Indian wealth management market. This investment aligns with UBS’s strategic focus on serving the high-net-worth (HNW) and ultra-high-net-worth (UHNW) segments in India.
The transaction and strategic partnership are subject to regulatory approvals. A joint committee of senior leaders from both firms will be formed to identify and develop new business opportunities, including in asset management products and investment banking services.
UBS, headquartered in Switzerland, operates one of the world’s largest private banking networks. Through this collaboration, both firms aim to leverage UBS’s global reach and 360 ONE’s domestic strength to deliver comprehensive, cross-border wealth solutions to clients.
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