JioBlackRock Investment Advisers announces leadership team ahead of rollout

JioBlackRock Investment Advisers has announced its executive leadership team as it moves closer to the full rollout of its digital advisory business in India.

The company, a 50:50 joint venture between Jio Financial Services and BlackRock, said the leadership team is led by Marc Pilgrem, who was appointed managing director and chief executive officer in June 2025. The announcement coincides with the launch of the firm’s official website, marking a key milestone ahead of its commercial debut.

Pilgrem brings more than 25 years of experience in global financial services. Before taking on the role at JioBlackRock Investment Advisers, he served as head of specialist clients and investment trusts for Europe, the Middle East and Africa at BlackRock. He has also held senior leadership roles at iShares EMEA, where he was chief operating officer and head of business strategy. Pilgrem holds an MBA from ESSEC Business School.

Herin Shah, head of investments at JioBlackRock Investment Advisers, will continue to lead the firm’s investment strategy. In his role, Shah is responsible for developing personalised asset allocation and portfolio rebalancing solutions, drawing on BlackRock’s investment tools and technology. Shah has more than two decades of experience across asset classes and geographies, having previously worked as a multi-asset fund manager at Invesco India and spent 14 years in London with Goldman Sachs and Invesco Asset Management.

The company has also launched its official website as part of an early access initiative, allowing users to access educational content and register for updates on upcoming products and services.

The leadership announcement follows the earlier launch of JioBlackRock’s asset management business, which has introduced 10 investment products to date. The advisory arm is expected to build on that foundation as it prepares to offer digital-first, personalised investment advice to retail investors in India.

Commenting on the rollout, Pilgrem said the firm is focused on widening access to institutional-grade investment opportunities. “Our digital-first advisory service is being designed to make high-quality investment advice more accessible and affordable,” he said, adding that the platform aims to support long-term financial confidence among Indian investors.

JioBlackRock Investment Advisers plans to leverage BlackRock’s global investment expertise and proprietary Aladdin technology alongside Jio Financial Services’ digital reach as it prepares for the next phase of its advisory business.