Latest news with #JioBlackRockInvestmentAdvisers
Yahoo
19 hours ago
- Business
- Yahoo
Jio BlackRock gets nod to operate as investment adviser in India
Jio BlackRock Investment Advisers, the joint venture between Jio Financial Services and BlackRock, has obtained a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as an investment adviser. In a regulatory filing, the company announced, "Please note that the Securities and Exchange Board of India, vide letter dated 10 June 2025, has granted certificate of registration to Jio BlackRock Investment Advisers Private Limited ('JBIAPL') to act as an Investment Adviser." With the SEBI registration in place, Jio BlackRock Investment Advisers said it is poised to focus on creating digital-first products tailored to the "evolving needs of today's investors". Jio Financial Services managing director and CEO Hitesh Sethia said, 'As Indian investors increasingly seek personalized, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services. We are confident that JioBlackRock will redefine the future of wealth creation in India by empowering investors with global expertise and local relevance.' Additionally, the firm has announced the appointment of Marc Pilgrem as its chief executive officer (CEO) and managing director (MD). Pilgrem brings over two decades of experience in the global financial services industry to his new role at Jio BlackRock Investment Advisers. The announcement follows the recent unveiling of the executive leadership team at Jio BlackRock Asset Management, tasked with steering the company's operations. Furthermore, Jio BlackRock Investment Advisers has launched its official website and an early access programme. This initiative offers users the opportunity to engage with educational content on investing and to preview the upcoming digital-first offerings that the company plans to introduce. "Jio BlackRock gets nod to operate as investment adviser 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
a day 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)
Economic Times
2 days ago
- Business
- Economic Times
Jio Financial Services shares in focus after JV with BlackRock gets Sebi nod to start advisory business
Shares of Jio Financial Services are set to be in focus on Thursday, after its joint venture with BlackRock secured regulatory approval to begin operating as an investment adviser in India. ADVERTISEMENT Jio BlackRock Investment Advisers Pvt Ltd, the 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock Inc., has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to act as an investment adviser. The approval, dated June 10, was disclosed by JFSL in a regulatory filing to the stock exchanges on Wednesday. This marks a significant milestone for JioBlackRock, which had earlier secured Sebi approval in May to manage mutual funds through its asset management company (AMC). The JV has also received approval from the BSE to operate as an investment adviser. With the new license in place, the company is now preparing to offer digital-first, insight-driven investment advisory services tailored to India's evolving investor base. It plans to share more details about its offerings closer to launch."We are pleased to announce that JioBlackRock Investment Advisers has received regulatory approval, marking a significant milestone in our partnership with BlackRock,' said Hitesh Sethia, Managing Director and CEO of Jio Financial Services. 'As Indian investors increasingly seek personalised, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services."Rob Goldstein, Chief Operating Officer of BlackRock, said, "India is one of the fastest-growing and most dynamic investment markets in the world. JioBlackRock Investment Advisers will benefit from the power of BlackRock's global investment expertise and technology, combined with Jio's local market knowledge and digital innovation." ADVERTISEMENT JioBlackRock Investment Advisers has also announced the appointment of Marc Pilgrem as its Managing Director and CEO. Pilgrem, a veteran with over 25 years of experience, previously served in leadership roles at BlackRock, including Head of Specialist Clients and Investment Trusts for EMEA, and COO for iShares EMEA. ADVERTISEMENT Shares of Jio Financial Services have delivered a mixed performance over the past year. The stock is down 13.4% over the last 12 months and has dropped nearly 12% in the past six months. However, recent momentum has been strong, with the stock rising 39% in the past three months and gaining 22% in the last a technical perspective, the stock is trading above all its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — indicating strong bullish undertones across short to long-term timeframes. ADVERTISEMENT Also read | GIFT Nifty down 30 points; here's the trading setup for today's session The Relative Strength Index (RSI) stands at 74.1, which suggests the stock may be overbought and could be prone to a pullback. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 11.1 and remains above both the centre and signal lines, reinforcing the bullish trend. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Jio Financial Services shares in focus after JV with BlackRock gets Sebi nod to start advisory business
Live Events Market Performance and technical indicators (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Jio Financial Services are set to be in focus on Thursday, after its joint venture with BlackRock secured regulatory approval to begin operating as an investment adviser in BlackRock Investment Advisers Pvt Ltd, the 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock Inc., has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to act as an investment adviser. The approval, dated June 10, was disclosed by JFSL in a regulatory filing to the stock exchanges on marks a significant milestone for JioBlackRock, which had earlier secured Sebi approval in May to manage mutual funds through its asset management company (AMC). The JV has also received approval from the BSE to operate as an investment the new license in place, the company is now preparing to offer digital-first, insight-driven investment advisory services tailored to India's evolving investor base. It plans to share more details about its offerings closer to launch."We are pleased to announce that JioBlackRock Investment Advisers has received regulatory approval, marking a significant milestone in our partnership with BlackRock,' said Hitesh Sethia, Managing Director and CEO of Jio Financial Services. 'As Indian investors increasingly seek personalised, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services."Rob Goldstein, Chief Operating Officer of BlackRock, said, "India is one of the fastest-growing and most dynamic investment markets in the world. JioBlackRock Investment Advisers will benefit from the power of BlackRock's global investment expertise and technology, combined with Jio's local market knowledge and digital innovation."JioBlackRock Investment Advisers has also announced the appointment of Marc Pilgrem as its Managing Director and CEO. Pilgrem, a veteran with over 25 years of experience, previously served in leadership roles at BlackRock, including Head of Specialist Clients and Investment Trusts for EMEA, and COO for iShares of Jio Financial Services have delivered a mixed performance over the past year. The stock is down 13.4% over the last 12 months and has dropped nearly 12% in the past six months. However, recent momentum has been strong, with the stock rising 39% in the past three months and gaining 22% in the last a technical perspective, the stock is trading above all its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — indicating strong bullish undertones across short to long-term Relative Strength Index (RSI) stands at 74.1, which suggests the stock may be overbought and could be prone to a pullback. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 11.1 and remains above both the centre and signal lines, reinforcing the bullish trend.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
2 days ago
- Business
- News18
Jio BlackRock Gets Sebi Approval To Start Investment Advisory In India; Check Details
Last Updated: Jio BlackRock Investment Advisers, a joint venture of Jio Financial Services and BlackRock, got Sebi and BSE approval to operate in India. Marc Pilgrem is the new CEO. Jio BlackRock Investment Advisers on Wednesday said it has received approval from markets regulator Sebi and the BSE to start operations as an investment advisor in India. Jio BlackRock Investment Advisers is a 50:50 joint venture between Jio Financial Services Limited and global asset manager BlackRock. 'Please note that the Securities and Exchange Board of India, vide letter dated June 10, 2025, has granted certificate of registration to Jio BlackRock Investment Advisers Private Limited (JBIAPL) to act as an Investment Adviser," Jio Financial Services said in a regulatory filing. Jio BlackRock in a statement said it will focus on building a digital-first product which is designed to meet the 'evolving needs of today's investors". Hitesh Sethia, managing director and CEO of Jio Financial Services Limited, said, 'We are pleased to announce that JioBlackRock Investment Advisers has received regulatory approval, marking a significant milestone in our partnership with BlackRock. As Indian investors increasingly seek personalised, insight-driven financial solutions, this joint venture is poised to democratize access to world-class advisory services." 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 added. Rob Goldstein, chief operating officer of BlackRock, said, 'India is one of the fastest growing and most dynamic investment markets in the world. JioBlackRock Investment Advisers will benefit from the power of BlackRock's global investment expertise and market-leading technology, combined with the local market knowledge and digital innovation and reach of our partner Jio Financial Services." The company also said it has appointed Marc Pilgrem as the chief executive officer (CEO) and MD of the advisory firm. Pilgrem has an experience of over 25 years in global financial services. He earlier served as the Head of Specialist Clients and Investment Trusts for Europe, the Middle East and Africa at BlackRock. At his previous role, he led initiatives to enhance client engagement and expand BlackRock's investment trust offerings across the region. Prior to joining BlackRock, Pilgrem served as the Chief Operating Officer and Head of Business Strategy for iShares EMEA, overseeing strategic planning and operational execution for BlackRock's exchange-traded fund business. 'I'm excited and honoured to lead JioBlackRock Investment Advisers' work to make high-quality investment advice more accessible and affordable through a digital-first approach. We're building a service that reflects the needs of today's investors in India– simple, transparent, and grounded in expertise," he said. Earlier in May, the joint venture company had said that it has received regulatory approval from Sebi to commence operations as an investment manager for their mutual fund business in India.
