JioBlackRock Investment Advisers secures SEBI approval to launch advisory services in India

THEBUSINESSBYTES BUREAU

MUMBAI, JUNE 11, 2025

Jio BlackRock Investment Advisers Private Limited, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock Inc., has received regulatory approval from the Securities and Exchange Board of India (SEBI) and BSE Limited to commence operations as an Investment Adviser in India.

This milestone follows the earlier announcement on May 26, 2025, regarding SEBI’s approval for Jio BlackRock Asset Management Private Limited to operate as an investment manager for mutual funds in India.

With this new license, JioBlackRock Investment Advisers will focus on delivering a digital-first, customer-centric investment advisory platform, tailored to meet the evolving financial needs of Indian investors. The company plans to unveil more details about its innovative product offerings closer to launch.

Hitesh Sethia, Managing Director and CEO of Jio Financial Services Limited, commented: “We are pleased to announce SEBI’s approval for JioBlackRock Investment Advisers, marking another significant step in our strategic partnership with BlackRock. As Indian investors increasingly seek personalized, insight-led financial solutions, this venture is set to democratize access to world-class advisory services. We believe JioBlackRock will reshape wealth creation in India by blending global expertise with deep local relevance.”

Rob Goldstein, Chief Operating Officer of BlackRock, added: “India represents one of the world’s fastest-growing and most dynamic investment markets. JioBlackRock Investment Advisers will leverage BlackRock’s global investment capabilities and technology leadership, paired with Jio’s digital innovation and market reach. Together, we aim to provide high-quality, personalized investment advice to help millions of Indians achieve long-term financial goals, including retirement.”

The company also announced the appointment of Marc Pilgrem as its Managing Director and Chief Executive Officer. Marc brings over 25 years of international financial services experience, most recently serving as Head of Specialist Clients and Investment Trusts for Europe, the Middle East, and Africa at BlackRock. He has also held leadership roles as Chief Operating Officer and Head of Business Strategy for iShares EMEA, where he was instrumental in driving strategic and operational growth.

Speaking on his new role, Marc Pilgrem, MD & CEO of JioBlackRock Investment Advisers, said:  “I am honoured to lead JioBlackRock’s mission to make high-quality investment advice more accessible and affordable through a digital-first approach. Our goal is to build a platform that is simple, transparent, and grounded in deep financial expertise — reflecting the needs of today’s Indian investors.”