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Jio BlackRock secures SEBI nod to operate as investment adviserJio BlackRock has received SEBI’s approval to commence investment advisory operations in India, deepening its financial services play with a digital-first strategy and appointment of Marc Pilgrem as CEO.By Sheersh Kapoor   June 11, 2025, 2:56:09 PM IST (Published)2 Min ReadJio BlackRock Investment Advisers Private Limited (JBIAPL), the investment advisory arm of Jio Financial Services and BlackRock’s joint venture, has secured certificate of registration from SEBI to operate as an investment adviser in the country.

The market regulator issued the certificate on June 10, 2025, according to a regulatory filing made by Jio Financial Services to the stock exchanges.

The newly registered entity will offer personalised, insight-driven investment solutions through a digital-first platform, aiming to democratise access to wealth management services across the country.

Hitesh Sethia, MD & CEO of Jio Financial Services, said: “As Indian investors increasingly seek personalised, insight-driven financial solutions, this joint venture is poised to democratise access to world-class advisory services. We are confident that Jio BlackRock will redefine the future of wealth creation in India.”

The approval follows SEBI’s earlier greenlight in May for Jio BlackRock Mutual Fund to commence operations, positioning the venture to compete directly with incumbent players in both asset management and advisory verticals.

On Monday, Jio BlackRock launched its official website and early access programme, allowing users to explore educational content on investing and preview upcoming digital-first offerings. The firm also revealed its executive leadership team ahead of its product rollout.

Rob Goldstein, COO of BlackRock, added: “India is one of the fastest growing and most dynamic investment markets in the world. Jio BlackRock combines our global expertise with Jio’s local reach to deliver high-quality investment advice.”

The company has appointed Marc Pilgrem as Managing Director and CEO of the advisory arm. Pilgrem brings over 25 years of global financial services experience and has previously held senior leadership roles at BlackRock, including Head of Specialist Clients and COO of iShares EMEA.

At 2:39 PM, shares of Jio Financial Services were trading at ₹303.85, up 0.40% on the BSE.Continue ReadingNote To ReadersDisclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsblackrockJio Financial ServicesSEBIshare market today