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Seasoned IDFC funds GC, Shagoofa Khan, to join Cyril Amarchand for post-Ashwath re-fund boost

Cyril Amarchand refunds funds and corporate practice with Shagoofa Khan
Cyril Amarchand refunds funds and corporate practice with Shagoofa Khan

Shagoofa Rashid Khan, the senior director and legal and compliance head at IDFC Alternatives, will join Cyril Amarchand Mangaldas as a funds partner to take over some of the practice left by Ashwath Rau, who will be joining AZB & Partners, according to authoritative sources.

Managing partner Cyril Shroff confirmed that she would join in the coming months.

We have reached out to her for comment.

Update: She commented in a press release:

"The funds industry in India, I believe, is at an inflection point due to interplay of market dynamics, increasing contribution from domestic savings, evolving legal & tax regime and realignment of regulatory oversight.

"It is an exciting time to return to private practice by partnering with Cyril Amarchand Mangaldas and this symbiotic partnership of General Counsel experience and the firm’s culture of top quality legal advice will equip our clients to not only better navigate the industry but also capitalize on opportunities to launch newer products through different pools of capital as well as to restructure/recover their investments.”

Cyril Shroff commented in the press release:

“The Firm is committed to a strategy of profitable growth as a full service national firm. The admission of Shagoofa is a welcome addition. She is very experienced and highly talented professional who will add a lot of value to the firm in the funds practice as well as in other practices”

Khan had previously been at Tata Services as vice president legal between 2013 and 2015, was senior vice president and legal head at Kotak Investment Advisors between 2006 and 2013.

She was head of real estate funds and international tax policy at Nishith Desai Associates between 2002 and 2006, after nearly seven years as a chartered accountant (CA).

She is a 1998 chartered accountant, a 2002 GLC Mumbai law graduate, and a 2003-qualified company secretary.

As reported earlier today, Cyril Amarchand has also hired two partners from J Sagar Associates (JSA) - Manisha Kumar and Guatam Gandotra - to its corporate practice.

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