Swiss bank UBS to acquire 26% stake in joint wealth management venture with Mumbai's 360 One WAM in India.
Swiss bank UBS is negotiating a joint venture with Mumbai's 360 One WAM to expand its wealth management services in India. This partnership aims to serve high net worth individuals, complementing UBS's existing focus on ultra-high net worth clients. With India’s wealth management sector growing significantly, UBS plans to acquire a 26% stake in the venture, marking its second equity partnership in the Asia Pacific. The deal is expected to finalize soon.
September 27, 2024
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