Mumbai, April 22, 2025: 360 ONE WAM Ltd “360 ONE”, one of India’s largest independent wealth and asset management firms, announced today that it has entered into an exclusive strategic collaboration with UBS, one of the world’s leading wealth managers and universal banking firms headquartered in Switzerland. This exclusive strategic collaboration combines 360 ONE’s local knowledge and reach with UBS’s global and regional expertise to deliver enhanced benefits to clients.
As part of this collaboration, it is proposed that clients from both institutions will have access to onshore and offshore wealth management solutions. Potential collaborative opportunities for asset management products and investment banking services will also be explored.
In addition, 360 ONE will acquire UBS’s onshore wealth management business in India through its subsidiaries. UBS will also purchase warrants amounting to 4.95% stake in 360 ONE, demonstrating UBS’s commitment to the fast-growing ultra and high-net-worth Indian market. The entire transaction will be subject to the necessary regulatory approvals.
A joint committee led by senior leadership from both institutions will be established to explore growth opportunities. This is a first step towards a powerful collaboration, which will further enhance the value proposition and unlock synergies for our clients and employees.
Akhil Gupta, Chairman, 360 ONE WAM, said, “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.”
Karan Bhagat, Founder, MD & CEO, 360 ONE, said, “This collaboration marks the beginning of a powerful relationship, which will further enhance 360 ONE’s existing value proposition and add synergies for our employees, clients and shareholders. It is also a strong reflection of India’s growing prominence on the global wealth map. Clients of 360 ONE and UBS AG will benefit from a unique blend of global expertise and local insight—delivered through a platform that remains deeply committed to personalisation, trust, and long-term value creation.”
Jin Yee Young, Co-Head Global Wealth Management Asia Pacific, UBS said, “We are proud of this latest milestone and convinced that this strategic collaboration with 360 ONE will help accelerate our momentum in one of the world’s most significant and fastest-growing markets. Together, we are best placed to serve our global Indian clients wherever they are as they seek greater opportunities, both domestically and globally.”
Mihir Doshi, India Country Head, UBS, said: “We are excited about this strategic collaboration with 360 ONE, which will significantly enhance the local offering for our clients, giving them access to best-in-class wealth-management capabilities, both onshore and offshore. 360 ONE’s robust onshore presence combined with our international Non-resident Indian (NRI) hubs enable us to bring the best of India to the rest of the world and the world to India.”
360 ONE was recognized as India’s Best Wealth Manager at the recent Euromoney Private Banking Awards 2025 and “Best Private Bank India” by Asian Private Banker in 2024, while UBS was named Asia’s Best International Private Bank and “Best Private Bank Asia Pacific” at the same two awards respectively.
