BlackRock, the world's largest asset manager, has joined forces with Jio Financial Services —the financial services unit of Indian billionaire Mukesh Ambani.
The partnership will "deliver our combined expertise and scale to unlock the power of investing for millions of people in India," added Fink.
"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," Hitesh Sethia, CEO of Jio Financial Services said.Huge potential
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