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ubs partners with 360 one to enhance wealth management in india
UBS Group AG has entered an exclusive partnership with India's 360 One WAM Ltd, transferring its onshore wealth management business in India to the firm while acquiring a 4.95% stake valued at 21 billion rupees. This move aims to enhance UBS's presence in India's growing wealth market, despite facing stiff competition. The partnership is seen as a significant step for UBS in Asia, with potential for further developments in the future.