News From Press After AMC business, Jio and BlackRock in JV for wealth management, broking

After AMC business, Jio and BlackRock in JV for wealth management, broking

Source: BS Apr 16, 2024

Months after setting up the asset management joint venture, Jio Financial Services and BlackRock Group have entered into 50:50 JV for wealth management and broking businesses.

“The company (Jio Financial), BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd. have signed an agreement to form a 50:50 joint venture between the company and Blackrock, for the purpose of undertaking wealth business including incorporation of a wealth management company and subsequent incorporation of a brokerage company in India,” Jio Financial said in a release.

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