Citi India GC Pramod Rao to return to old home but as ICICI Group GC

Thursday, 5 July 2018 By Legally India In-house counsel

Pramod Rao, the general counsel (GC) of Citibank India since 2013, will be re-joining the ICICI fold as ICICI Group GC, returning to the banking giant at which he had started his career.

According to sources, Rao has tendered his resignation at Citi and is likely to join ICICI by mid-August.

Rao declined to comment when contacted.

The 1996 NLSIU Bangalore graduate had joined ICICI in Mumbai after a brief tenure at Mulla & Mulla, only leaving as GC in 2012 to join up-and-coming law firm IndusLaw as a partner in Mumbai.

In 2013, he returned in-house to join Citi as its India GC.

ICICI Group’s vertical companies include ICICI Bank, ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, ICICI Securities, ICICI Venture and others.

Godrej & Boyce head of corporate advisory Nilanjan Sinha will be heading up the group’s ICICI Bank company legal team, as first reported by Bar & Bench.

ICICI Bank is one the largest in-house legal teams in India, with around 300 lawyers.

Comments

Aghast 5 Jul 2018, 16:22

+5 -1

Its linked to Chanda Kochar exit. [...] Now that Chanda herself is out Rao is making a comeback. Remains to be seen how long he'll survive now that the legal team is very different and the bank has new management.

raw mangoes 5 Jul 2018, 16:27

+1 -2

wow big news pramod was a big deal at citi he was an even bigger deal at icici and will be probably even bigger now

Chai Point 5 Jul 2018, 16:46

+1 -1

Back to square one...
ICICI facing most difficult time.. hope PR can help.

Buzzz 5 Jul 2018, 18:21

+1 -0

Commenting because I think that the move is not generating enough buzz!

oh yeah? 6 Jul 2018, 04:40

+0 -1

300 (SPARTAAAAAAA) PEOPLE????? Are you sure? what do they pay, how do they recruit?

Life 6 Jul 2018, 13:01

+9 -2

There is life beyond law firms. Your knowledge of the profession is restricted to law firms only.

Please Stop 10 Jul 2018, 08:36

+3 -6

I agree. There is 'life (and no work)' outside law firms.

In House Counsel 6 Jul 2018, 07:08

+0 -0

@Kian - no word on who'll replace him at Citi?

Smarts 6 Jul 2018, 07:49

Yes please. Do let us know

Salary 6 Jul 2018, 09:49

How much these GCs make? Comparable to Equity Partnership at BigLaw?

note bandi 6 Jul 2018, 10:46

+2 -7

1 cr plus minus 10L

GU 7 Jul 2018, 02:43

Way more than than...young GC should make that much, some what similar to an execution partner in a law firm..seasoned GCs such as Pramod and Abhimanyu (BAML) must be making 2-2.5 crore as fixed plus bonus and over and above ESOPs..

Ex- ICCI 6 Jul 2018, 12:09

+4 -1

To my mind, this is a very good move.

Pramod was head CLG in its golden phase when it had the likes of Bikash Jhawar, Amit Shetye, Aditya Shroff, and Joseph Jimmy- All partners at big firms now- working under him.Wonder if some of the old timers will come back.

Bade Bhai 7 Jul 2018, 03:59

+9 -4

This is a bigger news than the movement of most partners from the storied forms which invite so many comments.Many of those partners, favourites of Kian for whatever reason, are mere mannequins hired by the egoistical managing partners at storied firms for getting clients attention.

Next 7 Jul 2018, 10:51

Musical chairs jaari rahe

GC GC 7 Jul 2018, 13:49

+2 -0

Is being GC a high aim in life ?

ZRS 8 Jul 2018, 06:35

Is that a rhetorical question on a legal website? I don't want to make a snide comment for the heck of it. As in-house counsel, this would normally be the maximum you can target.

Bade Bhai 9 Jul 2018, 01:28

This is definitely bigger and better aim in life than that of a partner ( with all the nomenclatures except managing partner and family partner) in any of the Indian firms.

Monsoon 8 Jul 2018, 18:47

+3 -13

100 years back 10th pass aimed to be Head Clerks in a British run India
Now Law Grads aim to be Group Counsels in MNCs
Nothing has changed. Salute to the Indian Slaves.

ZRS 9 Jul 2018, 08:32

+6 -1

& is this any better than being 'salaried' partner of Firms run by families? Pray please explain- what according to you should be the real target / salvation for 'Indian slaves'?

Commenting is closed for this article.