UBS fetches an interest in 360 one, eyes further on the size

Copyright © HT Digital Streams Limit all rights reserved. Markets Dipti Sharma 2 min Read 22 Apr 2025, 10:52 PM IST Karan Bhagat, Founder, Managing Director (MD) and CEO (CEO) of 360 one. Summary with this strategic alliance, UBS will contribute around £ 27,000, bringing 360 One WAM’s total assets under management to nearly £ 6 trillion, according to Karan Bhagat, founder, managing director and CEO of 360 One. Asset Manager 360 One Wam and Investment Bank UBS have entered into an exclusive strategic collaboration aimed at making their respective strengths- 360 a local insight and customer network, and the UBS world and regional expertise. Mihir Doshi, managing director, Country Head -India, UBS Securities India, told Mint: “I think it’s really about cultures and about meeting the thoughts.” “If the cultures are in line, it works (collaboration). Also read | The digital money shooter Kissht prepares for $ 225 million IPO, and the three bankers Jin Yee Young, co-head of Global Wealth Management Asia Pacific at UBS, pointed out that both UBS and 360 one are in line with the way they take their clients and how they are taking their customers. mindset and the ability to engage at the same level a critical factor in the collaboration. Credit-Suis Integration “UBS is expected to bring about 250-300 customers, although their broader base is larger, with an average customer base of about $ 5-6 million per client,” says Bhagat. In turn, UBS will buy warrants that convert into a 4.95% stake in 360 one. Both firms have indicated that this interest may increase over time, depending on the success and progress of the cooperation. Read also | UBS’s Swiss opponents Hope Hope Credit Suisse Hires will win wealthy customers Young, said this 4.95% stake is the first step and that a committee has been set up to explore and identify opportunities in the future. But, “it all depends on how the synergies can arise,” she said. ‘We can increase the interest, or we can find other ways to deepen and broaden our cooperation. So there are many ways, and increasing importance is definitely something on the board. But at the moment we are not there yet … “comment on India’s position in the global wealth landscape, but Young noted that India as the second largest market in the Asia-Pacific comes when it comes to wealth, with China holding the best place. Over the past year, the Nifty 50 has risen by more than 8%, a slight achievement compared to the CSI 300 index of China, which according to Bloomberg data increased by 7%. Some markets may provide selective opportunities, but India’s strong rate of wealth creation and its growing basis of wealthy individuals establish it as a major driver in the region. Marketists have repeatedly emphasized the growing meaning of India in the wider Asia-Pacific welvy landscape. Jefferies’ Chris Wood doubled India and increased his award by two percentage points in the firm’s portfolio in Asia-Pacific, which now considers it overweight. The shift, funded by exposure to Taiwan, reflects Jefferies’ view of India as a possible macro -economic safe haven amid global recession and volatility in trade policy. Another important aspect of India is that investors get a diversified basket with sectors and industries to invest in, whether you are looking at large caps, middle caps or small caps, says Nimesh Chandan, investment officer (CIO), Bajaj Finserv AMC. He added: “If you contribute a fairly diversified range of businesses to earnings, it leads to lower volatility in earnings growth. And that’s why India is better placed compared to other emerging markets and even some of the developed markets.” Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #ubs #news #360 One Wam #360 One Wam Ltd #360 One Mutual Fund Currency Specials