Jio BlackRock has received crucial SEBI approval to operate as an investment adviser in India, marking a significant milestone for the joint venture between Jio Financial Services and global asset management giant BlackRock.
SEBI Registration Enables Investment Advisory Operations
Jio BlackRock Investment Advisers Private Limited (JBIAPL) secured its certificate of registration from SEBI on June 10, 2025. This approval allows the company to offer personalized investment solutions through a digital-first platform, aiming to democratize wealth management services across India.
Strategic Leadership and Market Positioning
The company has appointed Marc Pilgrem as CEO, bringing over 25 years of global financial services experience from BlackRock. Pilgrem previously served as Head of Specialist Clients and COO of iShares EMEA.
Hitesh Sethia, MD & CEO of Jio Financial Services, emphasized the venture’s mission to “democratize access to world-class advisory services” for Indian investors seeking personalized financial solutions.
Comprehensive Financial Services Strategy
This approval follows SEBI’s earlier greenlight for Jio BlackRock Mutual Fund operations in May, positioning the venture to compete across both asset management and advisory sectors. The company launched its official website and early access program on Monday, featuring educational investing content.
Rob Goldstein, BlackRock’s COO, highlighted India as “one of the fastest growing investment markets,” combining BlackRock’s global expertise with Jio’s local market reach.
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