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JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received approval from SEBI to begin brokerage operations in India. This marks the third and final regulatory green light for the Jio BlackRock joint venture, following earlier approvals granted to its asset management and investment advisory arms. Formed as a 50:50 partnership between Jio Financial Services and BlackRock Inc., the venture aims to deliver a full spectrum of investment solutions to Indian investors by blending global expertise with local digital scalability. The broking arm is positioned to serve both retail and self-directed investors.
JioBlackRock Broking, the newest financial services arm under the Jio BlackRock umbrella, has received clearance from the Securities and Exchange Board of India (SEBI) to operate as a brokerage house. This regulatory nod enables the firm to offer execution services to Indian investors, expanding the scope of services beyond advisory and mutual fund offerings. Advertisement
The broking company is a wholly owned subsidiary of Jio BlackRock Investment Advisers, a joint venture equally owned by Jio Financial Services Limited (JFSL) and global asset manager BlackRock Inc. With this development, the JV has now received approvals across all three verticals-asset management, investment advisory, and broking, rounding out a comprehensive investment ecosystem tailored for the Indian market.
Marc Pilgrem, MD and CEO of Jio BlackRock Investment Advisers, stated that the final approval for the b
roking platform brings them closer to supporting India's transformation into a nation of investors. He emphasised that the new platform would complement their advisory services by offering an execution tool for self-directed investors seeking more control over their financial decisions.
Hitesh Sethia, MD and CEO of Jio Financial Services, added that the broking approval enhances their mission to democratise investment access across India. He pointed out that while the asset management division is focused on bringing innovative mutual funds to market, the broking licence adds a tech-forward layer to their expanding financial services.
Rachel Lord, Head of International at BlackRock, remarked that this third regulatory clearance enables JioBlackRock to provide a complete suite of capital market services. She said the joint venture was founded with the vision of offering technology-enabled, affordable investment options to millions across the country, and the new licence fulfills that intent.
JioBlackRock Investment Advisers had earlier received SEBI and BSE approvals to operate as an Investment Adviser. The company aims to combine BlackRock's deep investment knowledge and tech tools with JFSL's digital infrastructure to make investment offerings more accessible and personalized for the Indian population.
With the brokerage licence now in place, JioBlackRock positions itself as a one-stop solution for both novice and experienced investors, merging affordability, accessibility, and advanced financial tools to cater to India's growing appetite for wealth creation.
Source ANI
5th Jun, 2025
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