Marc Pilgrem, managing director and chief executive of JioBlackRock Investment Advisers, will step down to return to BlackRock for a new leadership role. This transition comes after the successful operationalisation of two businesses under the joint venture between Jio Financial Services and BlackRock. Pilgrem, who played a crucial role in building the India-focused advisory platform, expressed pride in launching the business. He will be succeeded by Swapnil Bhaskar, who is expected to lead the next growth phase as the platform aims to scale its digital investment advisory services across India. Bhaskar noted that he is joining at a critical time as more Indians are moving from saving to investing, seeking accessible, technology-driven advisory solutions. The leadership change aligns with the trend of global asset managers increasing their presence in India, capitalizing on the financialisation of household savings and the rise of digital investment platforms.