Pro Crypto BlackRock Inks A Joint Venture With Indian Giant Jio
BlackRock And Jio Plans On Joint Venture Jio Financial Services and BlackRock, who together had $9.4 trillion in assets under management at the end of June, are to each invest up to $150 million in the 50-50 venture. Jio BlackRock will be the name of the joint enterprise. advertisement The announcement comes days after Jio Financial Services was separated from Reliance Industries; the company, which has yet to establish a presence in India ’s rapidly expanding financial services market, has been valued by the markets at close to $20 billion. “The partnership will leverage BlackRock’s deep expertise in investment and risk management along with the technology capability and deep market expertise of JFS to drive digital delivery of products,” said Hitesh Sethia, CEO of JFS in the statement. Also Read: US Prosecutors Drop Charges on SBF For Illegal Campaign Contribution Recommended Articles ...