Jio BlackRock Asset Management announces executive leadership team, offers exclusive early access on website

Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial and NYSE-listed BlackRock on June 9 announced the appointment of its executive leadership team as well as the launch of its website, with an offer for an exclusive early access.

The initiative by Jio BlackRock invites individuals to register their interest in the AMC's digital-first offering, which will offer a preview of the value proposition as well as educational content.

On signing up, individuals can access material on the fundamentals of investing and other functions that will allow them to invest once the offering is launched. The early access empowers individuals with the knowledge to make informed investment choices, a company statement said.

Sid Swaminathan, Managing Director and CEO of JioBlackRock Asset Management said, “This is a milestone moment for JioBlackRock Asset Management. The leadership team is working hard on our value proposition of innovative products at competitive and transparent pricing. Over the coming months, JioBlackRock Asset Management intends to launch a range of investment products, including those that apply BlackRock’s industry leading capabilities in data-driven investing.”

With over 20 years of experience in asset management, Sid was recently the Head of International Index Equity at BlackRock, responsible for an AUM of $1.25 trillion. Previously, Sid led Fixed Income Portfolio Management for Europe, specializing in systematic and indexed strategies.

JioBlackRock Asset Management had recently informed of receiving approval from capital market regulator Sebi to commence operations as an investment manager for mutual fund business in India.

Shares of Jio Financial Services were the top gainer on Nifty on June 9, by rising 3.9%.