UBS enters into local partnership in India for wealth management
UBS has entered into a strategic partnership in India to expand its wealth management business. The partner is 360 One Wam Ltd, one of India’s largest independent wealth managers and asset managers according to UBS.
+Get the most important news from Switzerland in your inbox
The partnership will combine the global and regional expertise of UBS with the local know-how of 360 One, as UBS announced on Tuesday. Clients of both institutions will have access to onshore and offshore wealth management services.
UBS’s domestic business in India will be transferred to 360 One, while clients of 360 One in Singapore will in future be served by UBS in Singapore. The changes have yet to be approved by the relevant authorities.
In addition, UBS will acquire the rights to acquire a 4.95% stake in 360 One. Financial details of the transaction will not be disclosed.
Adapted from German by DeepL/jdp
How we work
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. An editor then briefly reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
Did you find this explanation helpful? Please fill out this short survey to help us understand your needs by clicking hereExternal link.
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.