Last Updated:June 11, 2025, 16:05 IST
Jio BlackRock Investment Advisers, a joint venture of Jio Financial Services and BlackRock, got Sebi and BSE approval to operate in India. Marc Pilgrem is the new CEO.
Jio BlackRock says it will focus on building a digital-first product which is designed to meet the “evolving needs of today’s investors”.
Jio BlackRock Investment Advisers on Wednesday said it has received approval from markets regulator Sebi and the BSE to start operations as an investment advisor in India. Jio BlackRock Investment Advisers is a 50:50 joint venture between Jio Financial Services Limited and global asset manager BlackRock.
“Please note that the Securities and Exchange Board of India, vide letter dated June 10, 2025, has granted certificate of registration to Jio BlackRock Investment Advisers Private Limited (JBIAPL) to act as an Investment Adviser,” Jio Financial Services said in a regulatory filing.
Jio BlackRock in a statement said it will focus on building a digital-first product which is designed to meet the “evolving needs of today’s investors”.
Hitesh Sethia, managing director and CEO of Jio Financial Services Limited, said, “We are pleased to announce that JioBlackRock Investment Advisers has received regulatory approval, marking a significant milestone in our partnership with BlackRock. As Indian investors increasingly seek personalised, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services.”
We are confident that Jio BlackRock will redefine the future of wealth creation in India by empowering investors with global expertise and local relevance, he added.
Rob Goldstein, chief operating officer of BlackRock, said, “India is one of the fastest growing and most dynamic investment markets in the world. JioBlackRock Investment Advisers will benefit from the power of BlackRock’s global investment expertise and market-leading technology, combined with the local market knowledge and digital innovation and reach of our partner Jio Financial Services.”
The strength of this unique combination will enable us to provide world-class, personalised investment advice, as we work to help millions of people in India to achieve better financial futures, including longterm goals like retirement, he added.
The company also said it has appointed Marc Pilgrem as the chief executive officer (CEO) and MD of the advisory firm.
Pilgrem has an experience of over 25 years in global financial services. He earlier served as the Head of Specialist Clients and Investment Trusts for Europe, the Middle East and Africa at BlackRock. At his previous role, he led initiatives to enhance client engagement and expand BlackRock’s investment trust offerings across the region.
Prior to joining BlackRock, Pilgrem served as the Chief Operating Officer and Head of Business Strategy for iShares EMEA, overseeing strategic planning and operational execution for BlackRock’s exchange-traded fund business.
“I’m excited and honoured to lead JioBlackRock Investment Advisers’ work to make high-quality investment advice more accessible and affordable through a digital-first approach. We’re building a service that reflects the needs of today’s investors in India– simple, transparent, and grounded in expertise,” he said.
Earlier in May, the joint venture company had said that it has received regulatory approval from Sebi to commence operations as an investment manager for their mutual fund business in India.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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