M and A
Deals Of The Day: The Latest In Wealth Management M&A – 360 ONE WAM
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
360 ONE WAM
360 ONE WAM,
an India-based wealth manager for ultra-high worth clients, has
agreed to buy all of ET MONEY in a stock swap and cash
transaction.
The acquisition – the size of which wasn’t divulged – is subject
to regulatory clearance, 360 ONE WAM said in a statement
yesterday.
The ET MONEY business is an India-registered investment advisor
and non-brokerage digital platform in the wealth sector.
360 ONE WAM has aggregate assets of about INR4,67,000 crs (about
$56.3 billion) under management.
