SEBI Grants Stockbroker Licence To Jio BlackRock Broking

The Securities and Exchange Board of India has granted Jio BlackRock Broking Pvt. Ltd. a certificate of registration to operate as a stockbroker or clearing member, Jio Financial Services Ltd. said in a filing on Friday.

Jio BlackRock Broking is a wholly-owned subsidiary of JioBlackRock Investment Advisers, a joint venture between Jio Financial Services and BlackRock Investment Advisors.

“With JioBlackRock Investment Advisers, we will be able to offer personalised advice to retail investors. Now with brokerage, we will also bring an execution platform for self-directed investors,” said Marc Pilgrem, managing director and chief executive officer of Jio BlackRock Investment Advisers.

Jio Financial Services is a core investment company running its financial services operations through multiple subsidiaries, including Jio Finance Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., Jio Leasing Services Ltd., Jio Finance Platform and Service Ltd., and Jio Payments Bank Ltd.