UBS Mulls JV With India's 360 One WAM to Expand Wealth Management
UBS(UBS) ZACKS·2024-09-30 23:35
According to a Reuters report, UBS Group AG (UBS) is in discussions to form an Indian wealth management joint venture (JV) with 360 One WAM, a Mumbai-based firm, formerly known as IIFL Wealth Management.UBS is in preliminary discussions with 360 One WAM to acquire around 26% stake in the JV. The deal is expected to be finalized in the upcoming months. This potential JV is expected to expand UBS’ Indian wealth management business to high-net-worth individuals in addition to its existing ultra-high-net-worth ...