BlackRock and Jio Team to Offer Wealth Management in India

India’s Jio Financial Services has launched a joint venture with BlackRock.The collaboration will establish a wealth management and brokering business in India, and comes less than a year after the two companies began an asset management venture, Reuters reported Monday (April 15).Jio, part of the Reliance Group, said the venture is designed to tap into the lucrative wealth business in India, and will include the incorporation of a wealth management firm and, eventually, a brokerage company.The Reuters repo ...