JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial and NYSE-listed BlackRock, on 9 June announced its executive leadership team and launched its official website.
The company also opened registrations for an exclusive early access to its digital-first investment platform.
The initiative encourages individuals to register and explore the firm’s value proposition and educational resources.
Upon signing up, users can access content on investing fundamentals and other functions to prepare for future investment opportunities.
The early access aims to equip users with the knowledge needed for informed investment decisions, the company said.
Experienced leadership to drive innovation
Sid Swaminathan, the newly appointed Managing Director and CEO of JioBlackRock Asset Management, said the firm is committed to offering innovative products with transparent pricing.
“This is a milestone moment for JioBlackRock Asset Management,” he stated. “We are working hard on launching products that use BlackRock’s data-driven investment strengths.”
Sid brings over two decades of asset management experience. He previously served as Head of International Index Equity at BlackRock, overseeing assets worth $1.25 trillion.
Earlier, he managed Fixed Income Portfolio Management for Europe, specialising in systematic strategies.
Recently, JioBlackRock Asset Management received approval from SEBI to operate as an investment manager for mutual funds in India. This development paves the way for the upcoming product launch.
Following the announcement, shares of Jio Financial Services rose by 3.9% on 9 June, becoming the top gainer on the Nifty index.
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