UBS and 360 ONE: Money Marriage Makes $36M Wealth Waves
Key Points
- UBS is handing over its Indian wealth management operations ...
Because nothing says 'I trust you with my money' quite like handing over your entire wealth management business, UBS has decided to entrust its Indian onshore operations to 360 ONE WAM for a cool $36 million.
From Swiss Alps to Indian Wallets
The Swiss banking giant UBS is taking a rather interesting approach to the 'if you can't beat them, join them' philosophy. Instead of competing in India's bustling wealth management scene, they're transferring their onshore business to 360 ONE while sneakily grabbing a 4.95% stake through warrants. Smart cookies, these Swiss bankers.
Money Move...
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