Latest news with #JFSL
India.com
3 days ago
- Business
- India.com
Another good news for Mukesh Ambani in 15 days, this company receives approval to launch…, is set to….
A joint venture of Mukesh Ambani's Reliance has received second big good news in 15 days. Jio BlackRock Investment Advisers Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock Inc, announced on Wednesday that it has received regulatory approvals from the Securities and Exchange Board of India (SEBI) and the Bombay Stock Exchange (BSE) to begin operations as an investment adviser. This follows the announcement on May 27, 2025, of regulatory approval from Securities and Exchange Board of India (Sebi) for Jio BlackRock Asset Management Private Ltd to commence operations as an investment manager for its mutual fund business in India. With this license, Jio BlackRock Investment Advisers will now focus on developing a digital-first product designed to meet the evolving needs of investors, Jio BlackRock Investment Advisers said in a statement. Jio BlackRock Investment Advisers also announced the appointment of Marc Pilgrem as its Managing Director (MD) and Chief Executive Officer (CEO). As Indian investors increasingly seek personalized, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services, JFSL MD and CEO Hitesh Sethia said. 'We are confident that Jio BlackRock will redefine the future of wealth creation in India by empowering investors with global expertise and local relevance,' he said. Jio BlackRock Investment Advisers, in a statement, said that with this license, the firm is now focused on developing 'digital-first' products to meet the growing needs of investors. (With Inputs From PTI)
Yahoo
28-05-2025
- Business
- Yahoo
Jio BlackRock secures approval to launch mutual fund business in India
Jio BlackRock Asset Management has secured approval from the Securities and Exchange Board of India (SEBI) to initiate its mutual fund operations in India. This development allows the firm to operate as an investment manager, targeting both retail and institutional investors within the Indian market. In 2023, BlackRock and JFSL announced a 50:50 joint venture (JV), Jio BlackRock, leveraging the strengths and brands of both companies. The company aims to introduce investment solutions tailored to the increasing demand from Indian retail mutual fund investors. The asset management firm plans to utilise the combined strengths of its two parent companies, including Jio Financial Services Limited (JFSL), which offers digital reach and local market insights, and BlackRock that provides advanced risk management technologies. JFSL non-executive director Isha Ambani said: '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.' The collaboration is expected to provide investors with competitive pricing and transparent offerings, supported by BlackRock's risk management capabilities, including the Aladdin platform. This proprietary technology integrates the investment management process through a unified data language. Jio BlackRock Asset Management intends to focus on a digital-first approach for retail investors, aiming to launch a variety of investment products in the near future. In conjunction with this announcement, the company has appointed Sid Swaminathan as managing director and CEO. Swaminathan has more than 20 years of experience in asset management, having previously held the position of head of international index equity at BlackRock, where he managed assets worth $1.25tn. Swaminathan said: 'JioBlackRock Asset Management aims to digitally deliver institutional quality investment products to investors across India and contribute to the growth of the country's investment ecosystem.' "Jio BlackRock secures approval to launch mutual fund business in India" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
New Indian Express
27-05-2025
- Business
- New Indian Express
JioBlackRock AMC gets Sebi approval for MF business
NEW DELHI: JioBlackRock Asset Management, the 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock, has received final approval from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations. The venture aims to disrupt India's asset management landscape by combining JFSL's deep local market insights and digital-first approach with BlackRock's global investment expertise and cutting-edge risk management technology, including its proprietary Aladdin platform. Jio Financial in a media statement said that key differentiators for all investors of the JioBlackRock Asset Management offering will include competitive and transparent pricing and innovative products, supported by the application of BlackRock's pre-eminent risk management expertise. Isha Ambani, Non-Executive Director at JFSL, highlighted the venture's mission to democratise investing, saying; '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.'
India Gazette
27-05-2025
- Business
- India Gazette
JioBlackRock Asset Management receives SEBI approval for mutual funds business
Mumbai (Maharashtra) [India], May 27 (ANI): Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received regulatory approval from the financial markets regulator SEBI to commence operations as an investment manager for their mutual fund business in India, a statement said Tuesday. JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institutional investors in India, the joint statement said. The asset management company will seek to leverage the unique strengths of its two sponsors: JFSL's digital reach and its deep understanding of the local market, alongside BlackRock's global investment expertise and leading risk management technology. Key differentiators for all investors of the JioBlackRock Asset Management offering will include competitive and transparent pricing and innovative products, supported by the application of BlackRock's pre-eminent risk management expertise. This includes Aladdin, BlackRock's globally renowned proprietary technology platform that unifies the investment management process through a common data language. For retail investors, the offering will also be distinctive for its digital-first customer proposition. JioBlackRock Asset Management aims to launch a range of investment products, including those that apply BlackRock's industryleading capabilities in data-driven investing, over the coming months, the joint statement said. Isha Ambani, Non-Executive Director, JFSL, said: '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.' Rachel Lord, Head of International at BlackRock, said: 'The opportunity in asset management in India today is tremendously exciting. 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.' JioBlackRock Asset Management also announced the appointment of Sid Swaminathan as it's Managing Director and Chief Executive Officer (CEO). Sid Swaminathan brings over 20 years of asset management experience to the role. He was previously Head of International Index Equity at BlackRock, where he was responsible for an asset under management (AUM) of USD 1.25 trillion. Prior to that, he served as the Head of Fixed Income Portfolio Management for Europe at BlackRock, responsible for Systematic and Indexed strategies. Sid Swaminathan, Managing Director and CEO, Jio BlackRock Asset Management Private Limited, said: 'JioBlackRock Asset Management aims to digitally deliver institutional quality investment products to investors across India and contribute to the growth of the country's investment ecosystem. I am honoured to lead JioBlackRock Asset Management and help transform asset management in India by empowering investors to directly harness the potential of investing.' (ANI)
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Business Standard
27-05-2025
- Business
- Business Standard
JioBlackRock receives Sebi nod, appoints Sid Swaminathan as MD and CEO
JioBlackRock Asset Management Private Limited, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock, has secured regulatory approval from the Securities and Exchange Board of India (Sebi) to begin operations as an investment manager for mutual fund products in India. The new asset management company aims to combine JFSL's digital innovation and local market knowledge with BlackRock's global investment expertise and advanced risk management technology. JioBlackRock plans to target India's growing base of retail and institutional investors with competitive pricing, data-driven investment strategies, and a strong digital-first customer experience. Building a digital-first investment platform Isha Ambani, a non-executive director at JFSL, said, '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.' JioBlackRock Asset Management will leverage BlackRock's Aladdin platform to enhance risk management and data integration, aiming to streamline and scale its investment process. Rachel Lord, head of international at BlackRock, said, 'The opportunity in asset management in India today is tremendously exciting. 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.' Sid Swaminathan appointed MD & CEO The joint venture has appointed Sid Swaminathan as managing director and chief executive officer of JioBlackRock Asset Management. Swaminathan brings over two decades of global asset management experience, having previously led BlackRock's International Index Equity division, managing assets worth $1.25 trillion. He also formerly headed Fixed Income Portfolio Management for Europe at BlackRock. 'JioBlackRock Asset Management aims to digitally deliver institutional quality investment products to investors across India and contribute to the growth of the country's investment ecosystem,' said Swaminathan. 'I am honoured to lead JioBlackRock Asset Management and help transform asset management in India by empowering investors to directly harness the potential of investing.' JioBlackRock is expected to launch its suite of mutual fund offerings in the coming months, including products utilising advanced data-driven strategies.
