Pramod Rao, ex-ICICI Bank counsel, joins SEBI as executive director

19 Jul 2022

The Securities and Exchange Board of India recently appointed Pramod Rao as an executive director. Rao took charge as an ED on Friday, the market regulator said today.

Prior to joining SEBI, Rao was the group general counsel at ICICI Bank providing strategic oversight to the legal function of ICICI Group entities.

Rao was earlier on the boards of brokerage firm ICICI Securities Ltd, ICICI Prudential Trust and ICICI Trusteeship Services.

Rao has been given the task of handling the debt and hybrid securities, and enquiry and adjudication departments at SEBI.

SEBI’s enquiry and adjudication department is currently under the overall charge of whole-time member Ananta Barua, while the debt and hybrid securities department is under whole-time member Ashwani Bhatia, according to information given on the market regulator’s website.

SEBI said Rao was also a general counsel for Citi India handling legal, secretarial, security and investigative services. “He also worked with IndusLaw, a law firm, as a resident partner overseeing its banking and finance practice,” it said.