360 ONE to acquire Indian onshore wealth management business of UBS.

360 ONE, a wealth and asset management firm, agreed to acquire Indian onshore wealth management business of UBS, a multinational investment bank and financial services company. Financial terms were not disclosed. “This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS AG - one that strengthens our position as a market leader in India and UBS’s offering as the wealth manager of choice for Global Indians. With this transaction, it opens the way for a global, personalized, and sophisticated wealth management experience for both sets of clients as well as significant value enhancement to our employees and shareholders,” Akhil Gupta, 360 ONE Chairman.