Deals Of The Day: The Latest In Wealth Management M&A – 360 ONE WAM

Editorial Staff

14 June 2024

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.