This approval marks another key step for JioBlackRock after Sebi had already approved JioBlackRock AMC in May to manage its mutual fund business in India.
With this new license, JioBlackRock Investment Advisers can now focus on building a digital-first investment advisory service aimed at modern Indian investors. The company plans to share more details about its innovative offerings closer to the launch.
“We are pleased to announce that JioBlackRock Investment Advisers has received regulatory approval, marking a significant milestone in our partnership with BlackRock,” he said. “As Indian investors increasingly seek personalized, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services,” said Hitesh Sethia, Managing Director and CEO of Jio Financial Services.
Rob Goldstein, Chief Operating Officer of BlackRock, emphasized the opportunity in India’s growing investment landscape. “India is one of the fastest-growing and most dynamic investment markets in the world,” he noted.
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“JioBlackRock Investment Advisers will benefit from the power of BlackRock’s global investment expertise and technology, combined with Jio’s local market knowledge and digital innovation.”JioBlackRock Investment Advisers announced the appointment of Marc Pilgrem as its MD and CEO. Marc, who brings over 25 years of experience in financial services, previously held senior roles at BlackRock, including Head of Specialist Clients and Investment Trusts for Europe, the Middle East, and Africa, and Chief Operating Officer for iShares EMEA.With this new license and leadership in place, JioBlackRock Investment Advisers aims to redefine wealth creation in India, empowering millions of investors with modern, tech-driven investment solutions.
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