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UBS Inks Deal With 360 One To Drive India Wealth Growth

Hindustan Times West UP

|

April 23, 2025

UBS Group AG agreed to sell its sub-scale Indian wealth unit to 360 One WAM Ltd. in return for an option to acquire a minority stake in the domestic firm and a partnership that will see the Swiss bank boost its business in the country.

- Bloomberg

UBS will transfer its onshore wealth management business in India to 360 One, while the local unit of the Swiss bank will handle 360 One clients booked in Singapore, the companies said in separate statements Tuesday.

The deal also involves the Zurich-based bank acquiring warrants for a 4.95% stake worth ₹2,100 crore ($247 million) in the domestic firm. UBS's local wealth business is valued at ₹307 crore, according to the Indian company.

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