Cyril Amarchand partner designate Nidhi Parekh moves to Citi, will ‘deepen bonds’

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Thursday, 16 July 2015 By Kian Ganz In-house counsel

Cyril Amarchand Mangaldas partner designate Nidhi Parekh will join Citi India’s legal team as senior vice president.

Cyril Amarchand Mangaldas Mumbai partner designate Nidhi Parekh will join Citi India’s legal team as senior vice president (SVP).

It is understood that the 2007 NLU Jodhpur graduate will focus on investment banking and capital markets at Citi’s Mumbai office.

Cyril Amarchand managing partner Cyril Shroff commented: “She is a talented lawyer. Her move to Citi will deepen our bonds with Citi. We wish her well.”

Citi’s legal team of 17 lawyers is headed by general counsel (GC) Pramod Rao, who joined Citi from IndusLaw in 2013, where he was a partner, after having left as ICICI Bank’s GC in 2012.

Citi declined to comment. We have reached out to Parekh for comment.

Photo by Antonio Vernon

Comments

Best wishes 16 Jul 2015, 06:47

+5 -1

Congrats Nidhi. All the best. Very talented lawyer.

Insider 16 Jul 2015, 07:00

+11 -3

Big loss for CamCo! Appears she was unhappy with senior hires.

GP 16 Jul 2015, 08:00

+17 -2

Trust your supervising partner/s to stand for you...lmao !
Won't give you your due, but make you slog
Make false promises and buy time :-)
Deny promotion!. Throw carrot of Designate.
Promote juniors (GR&SN make partners)!
Space on top but hire 2 partners laterally (Delhi one came from Citi only...eh?)
Finally, seek total loyalty/commitment/be faithful .... !

All the best Nidhi ! Great hire Pramod !

facts checker 16 Jul 2015, 10:18

+0 -0

gr and sn are batchmates not juniors

Kuch bhi? 16 Jul 2015, 12:28

+0 -1

Who was the senior hire above her? She is partner designate and the equity partner is there from day 1.

facts checker 16 Jul 2015, 13:26

+1 -0

naredi as partner.

Acpulko 16 Jul 2015, 07:05

+2 -5

Wonder if someone can elaborate on what exactly is meant by 'deepen bonds'?

barter 16 Jul 2015, 07:28

+1 -2

while CAM lost Nidhi, they gained Gokul in the process...time only will tell who wins from this barter.

battered ! 16 Jul 2015, 08:05

+12 -0

Perhaps by gaining Gokul (and Naredi), you loosing Nidhi to Citi, Thomas to KCo, Sagarnil to SAM...and...little earlier Abhimanyu to KCo, Cherian to Kco...be assured more to follow. Negotiations on :-)

Guest 16 Jul 2015, 08:47

+0 -2

Congrats Nidhi!! All the very best!!

oosha 16 Jul 2015, 09:13

+7 -2

Cam team a shadow of its former self..Thomas understated but huuuge loss Nidhi too. The only saving grace is cam mum still better than Sam mumbai

GG 16 Jul 2015, 10:15

+4 -1

Kian, has Nidhi confirmed the "deepening of the bonds" bit?

kianganz 16 Jul 2015, 10:17

+11 -0

No, we've not heard back from Parekh.

But in my experience, companies like Citi have fairly strict PR policies so she's unlikely to comment, and even if she were to, in my experience, it'd be rare for a departing partner to say: "I look forward to never having to speak to my former firm again." :)

have worked with her 16 Jul 2015, 12:03

+8 -1

soft spoken, industrius, and talented. thats a good catch for citi.

Tejesh 17 Jul 2015, 04:57

+2 -1

Many Congrats Nidhi!! Wish you All the very Best for a grt future. Keep rocking!!

Guest 17 Jul 2015, 05:00

+3 -1

many many congratulations. go jodhpur!

Collage 18 Jul 2015, 06:09

+3 -2

What does Jodhpur have to do with this? Stop making it all about the colleges. This is more about individual competencies.

Guest 20 Jul 2015, 05:25

+2 -0

this is not about college. she is from jodhpur, and has made lot of sacrifices to reach where she is today, and jodhpur is proud of her..

Mx. X 20 Jul 2015, 08:00

+1 -1

Dear Collage, Guest got you there real good. Textbook definition of 'getting owned'...

scooterette 17 Jul 2015, 05:07

+4 -0

Partner designate is not a partner - far from it - the designation still says PA - its a carrot which may or may not materialise and in the cap marks team seemed unlikely. Moreover, what is the point of making partner if you remain nothing more than a glorified associate - no clients you can call you own - living on tossed matters. There are so many partners in these firms who generate revenue less than a MA/PA/Counsel and have been designated so on account of having spent a certain number of years or having the backing of an influential equity partner

Trident 17 Jul 2015, 17:02

+0 -1

Partner Designate is on Retainer basis or employed?

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