365Telugu.com online news,Mumbai, June 12, 2025:Jio BlackRock Investment Advisers Private Limited-the 50:50 joint venture between Jio Financial Services Limited (JFSL) [BSE, NSE: JIOFIN] and BlackRock Inc. [NYSE: BLK]- has received approval from the Securities and Exchange Board of India (SEBI) and BSE Limited to begin operations as a Registered Investment Adviser in India.
This approval follows the earlier clearance on May 27, 2025, which allowed Jio BlackRock Asset Management Private Limited to launch its mutual fund business in the country.
With the latest license, JioBlackRock Investment Advisers is set to introduce a digital-first investment advisory platform, designed to meet the evolving financial needs of Indian investors. More information about the upcoming offering will be shared closer to launch.
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Hitesh Sethia, MD & CEO of Jio Financial Services Limited, said:
“We’re delighted to reach this major milestone in our partnership with BlackRock. As India’s investor base grows and seeks personalized, insight-driven financial advice, JioBlackRock is positioned to democratize access to high-quality advisory services. We aim to redefine wealth creation in India by blending global expertise with local relevance.”
Rob Goldstein, COO of BlackRock, added:
“India is among the world’s fastest-growing investment markets. By combining BlackRock’s global investment capabilities and advanced technology with Jio Financial Services’ local knowledge and digital reach, we’re creating a powerful platform. This joint venture will help millions of Indian investors work toward better financial outcomes and long-term goals, such as retirement.”
ఇది కూడా చదవండి…నేచురల్ స్టార్ నానీతో ఆసక్తికరమైన డిజిటల్ అనుభవం అందిస్తున్న ఆశీర్వాద్ మసాలా..
ఇది కూడా చదవండి…హైడ్రా ఆధ్వర్యంలో రంగంలోకి దిగుతున్న మాన్సూన్ ఎమర్జెన్సీ టీమ్స్..
Additionally, Marc Pilgrem has been appointed as the Managing Director and CEO of JioBlackRock Investment Advisers. With over 25 years of global financial experience, Marc brings a wealth of knowledge in wealth management, digital transformation, and client engagement.
Previously, he served as Head of Specialist Clients and Investment Trusts for EMEA at BlackRock, and also as COO and Head of Business Strategy for iShares EMEA, overseeing strategic operations for BlackRock’s ETF business.
Marc Pilgrem, MD & CEO of JioBlackRock Investment Advisers, stated:
“I’m honoured to lead our efforts in delivering accessible, affordable, and expert-backed investment advice to Indian investors. Our digital-first approach will be built to reflect the modern investor’s needs — simple, transparent, and rooted in trust.”
With this new venture, JioBlackRock aims to bring global-standard advisory services to India’s growing investor base, combining innovation, personalization, and technology to transform how investment advice is delivered in the country.