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Paytm Appoints Ex-Goldman Executive As President To Lead Financial Services Business

Amit Nayyar will lead the company’s efforts to further its footprint in lending, insurance, wealth management, and broking businesses

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Digital payments comapny Paytm, the brand owned by One97 Communications, has announced the appointment of Amit Nayyar as President, responsible for the financial services business of Paytm, in a newly created role.  At Paytm, he will lead the company’s efforts to further its footprint in lending, insurance, wealth management, and broking businesses. Amit will report directly to Vijay Shekhar Sharma, Founder, and CEO of Paytm.

Vijay Shekhar Sharma, Founder & CEO - Paytm said, “As we focus on expanding our offerings in financial services, we are excited to welcome Amit to the Paytm team. Amit’s experience and track record in the BFSI sector will help us accelerate our vision of bringing new-age Financial Services to Indians."

Amit Nayyar, President - Paytm said, “Paytm is the most successful and fascinating growth stories of our times and I am thrilled to be a part of the team that has transformed digital payments and leading the paradigm shift in financial services. Vijay has truly created a global organization for the future with enviable investor base and I am very excited to be a partner in this journey.”

Amit has been a seasoned investment banker who has led numerous marquee transactions and brings extensive experience in M&A, corporate strategy and public/private fundraising, especially across BFSI segments like banking, NBFCs, insurance, asset management, securities broking, etc. Most recently he served as Managing Director at Arpwood Capital. Previously, Amit served for Goldman Sachs from 2009-16, as an ED and Co-COO for Investment Banking where he led the Financial Institutions as well as Industrials Group. Amit also worked with BoFA Merrill Lynch as a senior member of the Financial Institutions Group.

Amit received his MBA from the Indian Institute of Management, Bangalore in 2002 and graduated from Punjab Engineering College, Chandigarh in 2000.



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