UBS Group AG explores partnerships in India's wealth management sector for market growth.

UBS Group AG is considering partnerships in India's wealth management sector to enhance its competitiveness in a rapidly growing market. The Swiss bank is evaluating options, including acquiring a stake in a local firm or forming a joint venture, as the number of high-net-worth individuals is projected to increase by 50% by 2028. India's economic boom is expected to generate $730 billion in wealth, prompting interest from global banks amid rising local competition.

September 10, 2024
4 Articles