UBS Forms Strategic Partnership with $68 Billion India Wealth & Asset Manager 360 ONE WAM Acquiring Warrants for 4.95% Stake in 360 ONE WAM at $4.7 Billion Market Value, Transfers UBS India Onshore Wealth Management Business to 360 ONE and 360 ONE Clients Booked in Singapore to be Served by UBS Singapore
23rd April 2025 | Hong Kong
UBS has formed a strategic partnership with India wealth & asset manager 360 ONE WAM ($68 billion AUM), acquiring warrants for a 4.95% stake in 360 ONE WAM at $4.7 billion market value, transferring UBS India onshore wealth management business to 360 ONE and 360 ONE clients booked in Singapore to be served by UBS Singapore. UBS (22/4/25): “UBS announces today that it has entered into an exclusive strategic collaboration with 360 ONE WAM Ltd (“360 ONE”), one of India’s largest independent wealth and asset management firms. This strategic collaboration combines UBS’s global and regional expertise with 360 ONE’s local knowledge and reach to deliver enhanced benefits to clients, representing a significant advancement in UBS’s global Indian wealth management business. As part of the collaboration, subject to regulatory requirements and approvals, 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, UBS will transfer its onshore wealth management business in India to 360 ONE, while 360 ONE clients booked in Singapore will be served by UBS Singapore, subject to the required approvals (including regulatory) as applicable. UBS will acquire warrants for a 4.95% stake in 360 ONE, demonstrating UBS’s commitment to the fast-growing ultra and high-net-worth Indian market. 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, taking the UBS global Indian wealth management business to the next level.” 360 ONE was previously known as IIFL Wealth & Asset Management. Earlier in 2025 April, 360 ONE Co-founder & CEO Vikram Malhotra who joined in 2023 and 10 professionals have departed. UBS has been reported to be in joint venture discussion with 360 ONE, including a 26% shareholding. Vikram Malhotra was ex-Bank of Singapore Global Market Head of South Asia, Barclays and UBS, ABN AMRO & Standard Chartered Bank. In 2023 September, 360 ONE appointed former Bank of Singapore Global Market Head of South Asia Vikram Malhotra as 360 ONE co-founder & CEO of 360 ONE Global, and joined by Bank of Singapore private bankers Pankaj Nagrath and Arunabh Banerjee. Former Bank of Singapore Global Market Head of South Asia Vikram Malhotra was with Bank of Singapore for more than 6 years, and was previously with Barclays (Head of South & Southeast Asia), UBS (Country Team Head, India International Asia), ABN AMRO (Head of Sales, India Private Banking). Vikram Malhotra started his career in 1995 in treasury at ABN AMRO and Standard Chartered Bank.
“ UBS Forms Strategic Partnership with $68 Billion India Wealth & Asset Manager 360 ONE WAM Acquiring Warrants for 4.95% Stake in 360 ONE WAM at $4.7 Billion Market Value, Transfers UBS India Onshore Wealth Management Business to 360 ONE and 360 ONE Clients Booked in Singapore to be Served by UBS Singapore “
Jin Yee Young, Co-Head Global Wealth Management Asia Pacific, UBS: “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: “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.”
Akhil Gupta, Chairman, 360 ONE WAM: “This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS — one that strengthens our position as 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: “This collaboration marks the beginning of a powerful relationship, which will further enhance 360 ONE’s existing value proposition and adding 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.”
360 ONE WAM – 360 ONE WAM is one of the leading wealth and asset management firms in India. We are the investment and financial advisors to 7,500+ relevant families in the Ultra-High-Net-Worth Individuals (UHNI) and HNI segments, with aggregate assets of more than INR 5,79,000 crores (~USD 68 bn) under management. 360 ONE Wealth specialises in empowering ultra-high-net-worth individuals and families to manage, protect, and grow their wealth and legacy. 360 ONE Asset is focused on creating the right risk-adjusted alpha for investors. Its differentiated product suite includes AIFs, PMS, and MFs spanning the asset classes of public and private equity, fixed income, and real assets. 360 ONE is one of the industry pioneers in product and platform innovations. The firm has won more than 170 reputed awards in the last 17 years, and its latest wins include India’s Best Wealth Manager at Euromoney Private Banking Awards 2025 and Best Private Bank, India at the Asian Private Banker Awards for Distinction 2024 for the second year in a row. Headquartered in Mumbai, 360 ONE has 1200+ employees and a presence in 5 major global financial hubs and 27 locations in India.
$68 Billion India Wealth & Asset Manager 360 ONE Co-Founder & CEO Vikram Malhotra Who Joined in 2023 & 10 Professionals Depart, UBS in Joint Venture Discussion with 360 ONE Including a 26% Shareholding, 360 ONE Previously Known as IIFL Wealth, Vikram Malhotra was ex-Bank of Singapore Global Market Head of South Asia, Barclays and UBS, ABN AMRO & Standard Chartered Bank
11th April 2025 – India wealth & asset manager 360 ONE ($68 billion AUM, previously known as IIFL Wealth & Asset Management) Co-founder & CEO Vikram Malhotra who joined in 2023 and 10 professionals have departed. UBS has been reported to be in joint venture discussion with 360 ONE, including a 26% shareholding. Vikram Malhotra was ex-Bank of Singapore Global Market Head of South Asia, Barclays and UBS, ABN AMRO & Standard Chartered Bank. In 2023 September, 360 ONE appointed former Bank of Singapore Global Market Head of South Asia Vikram Malhotra as 360 ONE co-founder & CEO of 360 ONE Global, and joined by Bank of Singapore private bankers Pankaj Nagrath and Arunabh Banerjee. Former Bank of Singapore Global Market Head of South Asia Vikram Malhotra was with Bank of Singapore for more than 6 years, and was previously with Barclays (Head of South & Southeast Asia), UBS (Country Team Head, India International Asia), ABN AMRO (Head of Sales, India Private Banking). Vikram Malhotra started his career in 1995 in treasury at ABN AMRO and Standard Chartered Bank.
$40 Billion India Wealth & Asset Manager 360 ONE Appoints Former Bank of Singapore Global Market Head of South Asia Vikram Malhotra as Co-Founder & CEO of 360 ONE Global, Joined by Bank of Singapore Private Bankers Pankaj Nagrath & Arunabh Banerjee
9th September 2023 – India wealth & asset manager 360 ONE (formerly known as IIFL Wealth & Asset Management) with $40 billion AUM (Assets under Management) has appointed former Bank of Singapore Global Market Head of South Asia Vikram Malhotra as 360 ONE co-founder & CEO of 360 ONE Global, and joined by Bank of Singapore private bankers Pankaj Nagrath and Arunabh Banerjee. Former Bank of Singapore Global Market Head of South Asia Vikram Malhotra was with Bank of Singapore for more than 6 years, and was previously with Barclays (Head of South & Southeast Asia), UBS (Country Team Head, India International Asia), ABN AMRO (Head of Sales, India Private Banking). Vikram Malhotra started his career in 1995 in treasury at ABN AMRO and Standard Chartered Bank.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
