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4w ago

Jio BlackRock JV Secures SEBI Approval as Investment Adviser

Led by Marc Pilgrem, the venture prepares to roll out a digital-first advisory platform for Indian investors.

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The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo
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Overview

  • SEBI granted Jio BlackRock Investment Advisers Pvt Ltd its certificate of registration on June 10, 2025, authorizing it to operate as an investment adviser in India.
  • The 50:50 joint venture combines Jio Financial Services’ digital infrastructure and local market expertise with BlackRock’s global investment capabilities and risk-management platform, Aladdin.
  • Marc Pilgrem, with over 25 years of experience in global financial services, has been appointed Managing Director and Chief Executive Officer of Jio BlackRock Investment Advisers.
  • The firm plans to develop and launch a digital-first platform offering personalized, insight-driven investment solutions for retail and institutional investors across India.
  • This advisory approval follows SEBI’s May 27 nod for Jio BlackRock Asset Management to commence mutual fund operations, marking the venture’s phased entry into India’s wealth-management market.