UBS Sells India Wealth Business to 360 ONE WAM for $36 Million
Deal News | Apr 22, 2025 | Zawya
UBS is divesting its India onshore wealth business to 360 ONE WAM in a transaction valued at approximately 3.07 billion rupees, or $36 million. The deal includes UBS's local stock broking, distribution business, discretionary, non-discretionary portfolio management services, and residual loan portfolio. Both UBS and 360 ONE WAM clients will benefit from enhanced access to onshore and offshore wealth management solutions. Additionally, the companies will look into future collaborations in asset management and investment banking sectors.
Sectors
- Wealth Management
- Asset Management
- Investment Banking
Geography
- India – The deal involves UBS's Indian onshore wealth management operations, focusing on the Indian financial market.
Industry
- Wealth Management – The article discusses the sale of wealth business operations involving asset management services.
- Asset Management – 360 ONE WAM, an asset manager, is acquiring the wealth business, indicating asset management's involvement in the transaction.
- Investment Banking – Potential collaboration in investment banking services is mentioned as a future possibility following the deal.
Financials
- $36 million – The deal value for the sale of UBS's Indian onshore wealth business.
- 3.07 billion rupees – Equivalent value of the $36 million deal in Indian currency.
- 85.2000 Indian rupees – Exchange rate used in the article for currency conversion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UBS | Selling Company | Company | UBS is divesting its Indian onshore wealth management business. |
| 360 ONE WAM | Bidding Company | Company | 360 ONE WAM is acquiring UBS's Indian wealth business. |
| Hritam Mukherjee and Kashish Tandon | Reporters | People | Journalists reporting the transaction from Bengaluru. |
| Himani Sarkar | Editor | People | Editor ensuring the article's quality and consistency. |