Mumbai, June 11, 2025 – JioBlackRock Investment Advisers Private Limited, the 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 a Registered Investment Adviser in India. This marks a major milestone for the venture as it prepares to offer digital-first, insight-driven advisory services to Indian investors.
Advisory License Follows Mutual Fund Approval
This latest SEBI approval comes just weeks after JioBlackRock Asset Management Private Limited received permission to begin operations as an investment manager for its mutual fund business. The new license allows JioBlackRock Investment Advisers to formally enter India’s wealth management sector with the goal of revolutionizing the way advisory services are delivered.
The company plans to roll out a customer-centric, technology-driven platform designed to meet the evolving financial needs of Indian investors. Additional details about its offerings will be announced in the run-up to its formal launch.
Leadership Appointment: Marc Pilgrem to Lead Advisory Business
In tandem with its regulatory green light, JioBlackRock has named Marc Pilgrem as its Managing Director and Chief Executive Officer. With over 25 years of experience in global financial services, Marc brings deep expertise in digital transformation, client engagement, and strategic leadership.
Prior to this role, Pilgrem held senior positions at BlackRock, including Head of Specialist Clients and Investment Trusts for EMEA and COO of iShares EMEA. His background positions him to lead the advisory venture with a focus on accessibility, transparency, and innovation.
Strategic Vision for Indian Investors
Hitesh Sethia, MD & 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. This joint venture is poised to democratize access to world-class advisory services and redefine the future of wealth creation in India.”
Rob Goldstein, COO of BlackRock, emphasized India’s strategic importance:
“India is one of the fastest-growing and most dynamic investment markets in the world. With Jio’s digital reach and BlackRock’s global expertise, we aim to empower millions of Indian investors with personalized financial solutions.”
Marc Pilgrem, MD & CEO of JioBlackRock Investment Advisers, shared his vision:
“I’m excited and honoured to lead our mission to make high-quality investment advice more accessible and affordable. We’re building a digital-first service that aligns with the expectations of today’s investors—simple, transparent, and grounded in global expertise.”
As JioBlackRock gears up for launch, industry watchers anticipate that the partnership will set new benchmarks for advisory excellence and digital innovation in India’s investment landscape.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
JioBlackRock Investment Advisers Gets SEBI Nod, Appoints Marc Pilgrem as MD & CEO
