360 One WAM has appointed Aashish Agarwal as its new Chief Executive Officer, with the role effective February 15, 2027. Concurrently, Karan Bhagat will assume the role of Vice-Chairman and Managing Director.

Leadership transition at 360 One WAM

The appointment marks a significant leadership development at 360 One WAM, with Aashish Agarwal set to assume the position of Chief Executive Officer beginning February 15, 2027. The Board of Directors approved these changes in a meeting held on September 22, 2026, following a recommendation by the Nomination and Remuneration Committee.

New governance structure

In addition to the CEO appointment, the Board designated Karan Bhagat as Vice-Chairman and Managing Director, also effective February 15, 2027. Bhagat continues as Managing Director until July 26, 2030, maintaining his role in driving group strategy, capital allocation, and key client relationships. Yatin Shah, Co-Founder, will continue to lead the wealth management vertical.

This structural change is designed to integrate the firm's three verticals: Wealth Management, Asset Management, and Capital Markets. The company states that this alignment allows clients to experience the firm as a single platform, combining capabilities for families and institutions.

Profile of incoming CEO

Aashish Agarwal joins 360 One from Jefferies, where he served as Managing Director and Country Head since April 2020. Prior to this, he spent 13 years at CLSA, latterly as Executive Director and Head of Research. His early career included tenure at Merrill Lynch from 2004 to 2007. Agarwal is a Chartered Accountant and a post-graduate of SPJIMR, Mumbai.

Strategic context

The company positions this leadership shift to support growth as the Indian economy advances toward USD 5 trillion and eventually USD 15 trillion. 360 One currently manages assets exceeding ₹7.8 lakh crore ($82 billion) and serves over 8,900 families, corporates, and institutions.

360 ONE WAM shareholders approved the formation of the Employee Stock Appreciation Rights Scheme 2026 at its 19th Annual General Meeting on September 2, 2026, but registered notable dissent against the reappointment of one director.

The virtual meeting, attended by 119 members representing 1,56,27,895 equity shares, concluded at 12:42 pm. All six resolutions placed before the house were passed with the requisite majority, as confirmed by the scrutinizer's report from Nilesh Shah & Associates.

Voting Results Overview

The promoter group held 25,228,244 shares as of the record date (August 26, 2026) and voted in favor of all resolutions. The public institutional block showed varying levels of support, particularly regarding director appointments.

Director Reappointments Face Scrutiny

While the reappointment of Mr. Yatin Shah secured 93.90% overall support, it faced 10.35% dissent from public institutions. More significantly, the reappointment of Mr. Pavninder Singh received only 67.20% of votes polled in favor. Public institutions voted against his reappointment by a margin of 55.72%, although public non-institutional investors supported him with 99.99% assent.

Employee Compensation Scheme Approved

The special resolution to form the 360 ONE Employee Stock Appreciation Rights Scheme 2026 was approved with 98.77% of votes cast in favor. A second special resolution extending this scheme to employees of wholly owned subsidiaries also passed with nearly identical support (98.77%). Public institutions voted against both ESAR-related resolutions by approximately 2.09%, while non-institutional public shareholders showed near-unanimous support.

Governance and Audit

Mr. Akhil Gupta, Chairperson, chaired the meeting. Mr. Karan Bhagat, Managing Director, apprised members of the company’s performance for the financial year ended March 31, 2026.

The statutory auditors, S. R. Batliboi & Co. LLP, and secretarial auditors, Mehta and Mehta, confirmed that their reports contained no qualifications or observations with material adverse effects on the company’s functioning.

Remote e-voting was available from August 28, 2026, to September 1, 2026. The cut-off date for voting eligibility was August 26, 2026.