Raminder Singh, the London-based general counsel and chief compliance officer of Indian conglomerate Essar Global Fund Limited (EGFL), the holding company for Essar Energy, is to depart at the end of the year.
Essar’s most senior lawyer Singh said he was leaving following a change in the company’s strategic direction, and had not yet taken on another role.
Singh was recruited as general counsel in late 2010 in an attempt by Essar to route more local work through London. Singh, who was a partner at Vinson & Elkins, had become Essar’s go-to lawyer in the City after having formed a relationship with the energy and steel company five years earlier. He became the company’s first general counsel on his arrival.
‘I am proud to have been involved in a very dynamic period of Essar’s growth and development; including its successful transition from a business conglomerate to that of a global diversified private equity fund. The change in the fund’s strategic direction coincides with my desire to explore other opportunities and fresh challenges,’ Singh said.
Singh had worked alongside high-profile Essar Energy general counsel Sheena Singla, who was also appointed in 2010, from Freshfields Bruckhaus Deringer.
EGFL is a multi-billion dollar investment fund founded by India’s Ruia family, with significant global investments in energy, metals & mining, infrastructure and services.