BlackRock Veteran Swaminathan to Lead Its India Venture with Jio

Jio BlackRock, the joint venture between BlackRock Inc and billionaire Mukesh Ambani’s financial services unit, has named Sid Swaminathan to head the firm as it prepares to break into India’s burgeoning asset management business, people familiar with the matter said.

London-based Swaminathan, a 20-year veteran at the world’s largest asset manager, is joining Jio BlackRock Asset Management as the money manager is putting together its senior leadership team, the people said, asking not to be identified as the information is private.

The venture has also appointed Komal Narang as its chief client officer, while R. Arun has joined the ...