Latest news with #MarcPilgrem
Yahoo
a day 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
2 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)
Time of India
2 days ago
- Business
- Time of India
Jio BlackRock MF files with Sebi to launch two debt funds
Jio BlackRock Mutual Fund (MF), which on May 26 received the nod from the markets regulator Sebi to start operation, filed with the regulator to launch two debt schemes—liquid and money market funds—to kickstart its fund management business. On Wednesday, the Jio BlackRock joint venture also got regulator nods to start its investment advisory business in India, the company said in a statement. Jio BlackRock Liquid Fund is an open-ended liquid scheme that carries a relatively low interest rate risk and relatively low credit risk, the fund house said in its draft offer document filed with Sebi. The fund house's other scheme is a money market fund, which is an open-ended debt scheme investing in money market instruments. The scheme carries a relatively low interest rate risk and moderate credit risk, it said. On Wednesday, Jio BlackRock Investment Advisers said it received approvals from Sebi and BSE 'to commence operations as a registered investment adviser in India.' The JV is aiming to offer digital-first, personalised investment advisory solutions that will combine BlackRock's global expertise and tech with Jio Finance's local market knowledge and digital reach. The company also appointed Marc Pilgrem, a seasoned global financial services leader with over 25 years of experience at BlackRock, as its MD & CEO. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
3 days ago
- Business
- India Gazette
Jio BlackRock Asset Management gains regulatory approval to launch advisory business
New Delhi [India], June 11 (ANI): Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 joint venture between Jio Financial Services Limited and BlackRock, on Wednesday has received regulatory approval from the Securities and Exchange Board of India (SEBI) and BSE Limited to begin operations as an Investment Adviser in India. '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 JioBlackRock will redefine the future of wealth creation in India by empowering investors with global expertise and local relevance,' said Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited. This latest announcement follows the regulatory approval from SEBI for Jio BlackRock Asset Management Private Limited to commence operations as an investment manager for its mutual fund business in India on May 27, 2025. 'With this license, JioBlackRock Investment Advisers will now focus on developing a digital-first product designed to meet the evolving needs of today's investors. Further details about the company's innovative and customer-centric offering will be announced closer to launch,' the company said. '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,' said Rob Goldstein, Chief Operating Officer, BlackRock. Adding, 'the strength of this unique combination will enable us to provide world-class, personalised investment advice, as we work to help millions of people in India to achieve better financial futures, including long-term goals like retirement.' Furthermore, the company has also appointed Marc Pilgrem as its Managing Director (MD) and Chief Executive Officer (CEO) of the new Registered Investment Adviser. Marc Pilgrem previously served as the Head of Specialist Clients and Investment Trusts for Europe, the Middle East and Africa at BlackRock, where he led initiatives to enhance client engagement and expand BlackRock's investment trust offerings across the region. He was also Chief Operating Officer and Head of Business Strategy for iShares EMEA, overseeing strategic planning and operational execution for BlackRock's exchange-traded fund business. (ANI)
News18
3 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.
