On Tuesday, UBS announced an exclusive strategic cooperation with 360 One WAM, one of the leading wealth management and independent assets company in India, looking to strengthen its position in the growing Indian wealth management market.
As part of the deal, UBS will transfer wild wealth management business in India to 360, while 360 ​​customers will be presented in Singapore by UBS.
UBS will also get 4.95 % share orders in 360, which indicates its long -term commitment to the superpower and the second.
Cooperation combines UBS global capabilities with local 360 one experience, allowing both companies to provide wealth management solutions abroad and its customers.
The two companies also said that they would explore joint opportunities in the management of assets and investment banking services.
“This strategic cooperation with 360 one will help accelerate our momentum in one of the most important markets in the world and faster growth,” said Jin Yi Young, head of global wealth management in Asia Pacific in UBS.
360 The Chairman of the Board of Directors, Achilles Gobta, described the “Strategic Japanese Japanese” agreement for both companies, enhancing offers for customers and creating the value of shareholders.
The Joint Leadership Committee will supervise cooperation and determine more growth opportunities.
“The agreement will bring the best in India to the rest of the world and the world to India.”