Jio BlackRock Investment Advisers has received SEBI approval to commence operations in India.
The company has appointed Marc Pilgrem as Managing Director and Chief Executive Officer.
Pilgrem brings over 25 years of global financial services experience to his new role. He 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.
Pilgrem will draw upon his extensive experience in wealth management, digital transformation and client engagement as Jio BlackRock Investment Advisers aims to deliver innovative investment solutions to millions of investors in India.
“We are building a service that reflects the needs of investors in India – simple, transparent and grounded in expertise,” he said.
Late last month, SEBI allowed Jio BlackRock Asset Management to commence operations as an investment manager for its mutual fund business in India.
JioBlackRock Investment Advisers will now focus on developing a digital-first product designed to meet the evolving needs of investors.
Hitesh Sethia, Managing Director and CEO, Jio Financial Services said as investors increasingly seek personalised, insight-driven financial solutions, the joint venture is poised to democratise access to world-class advisory services.
JioBlackRock 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, BlackRock said JioBlackRock Investment Advisers will benefit from the power of BlackRock’s global investment expertise and market-leading technology, combined with local market knowledge.
The company will provide personalised investment advice to achieve better financial futures, including long-term goals like retirement, he added.