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THEBUSINESSBYTES BUREAU
MUMBAI, MAY 27, 2025
In a significant development for India’s asset management industry, Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, has received approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for its mutual fund business.
The new venture aims to bring a transformative approach to investing in India by combining JFSL’s extensive digital reach and local market insight with BlackRock’s global investment expertise and risk management technology. JioBlackRock Asset Management will introduce a compelling offering for both retail and institutional investors, delivering competitive and transparent pricing, digitally enabled access, and a range of innovative, data-driven investment products. A central pillar of its proposition is the integration of BlackRock’s proprietary Aladdin platform, a globally acclaimed investment and risk management system that ensures institutional-grade precision in managing portfolios.
Isha Ambani, Non-Executive Director of JFSL, emphasized that the partnership with BlackRock is built on a shared vision of making investing simple, accessible, and inclusive for all Indians. “India’s rapid growth is driven by a new generation with bold aspirations. Our partnership with BlackRock is a powerful combination of global investment expertise and Jio’s digital-first innovation. Together, we are committed to making investing simple, accessible, and inclusive for every Indian. I am confident that JioBlackRock Asset Management will play a transformative role in shaping the future of financial empowerment in India,” she said.
Rachel Lord, Head of International at BlackRock, echoed this optimism, stating that the Indian market presents a “tremendously exciting” opportunity. “JioBlackRock’s digital-first customer proposition, delivering institutional quality products at a lower cost directly to investors, will enable more people in India to enjoy the many benefits of access to the capital markets. Together with our partner JFSL, we look forward to contributing to the country’s continued evolution from a nation of savers to a nation of investors,” said Lord.
Looking ahead, JioBlackRock Asset Management is set to roll out its first suite of investment products in the coming months, catering to the diverse needs of Indian investors. With a digital-first approach, innovative investment strategies, and an experienced leadership team, the company is poised to redefine the asset management landscape in India and play a pivotal role in expanding access to capital markets across the country.
The firm has also announced the appointment of Sid Swaminathan as Managing Director and Chief Executive Officer. Swaminathan brings over two decades of experience in asset management, having most recently led BlackRock’s International Index Equity business with over $1.25 trillion in assets under management. His leadership credentials also include overseeing Systematic and Indexed Fixed Income strategies in Europe, making him well-positioned to drive the company’s mission of delivering world-class investment solutions in India.
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