Paytm appoints ex-Goldman executive Amit Nayyar as president

Digital payments leader 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. Nayyar will report directly to Vijay Shekhar Sharma, founder, and CEO of Paytm.

Vijay Shekhar Sharma, founder and CEO - Paytm says in a press note, “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 says, “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.”

An alumnus of the Indian Institute of Management, Bangalore, Nayyar has been a seasoned investment banker. Most recently he served as managing director at Arpwood Capital. Previously, he worked 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. Nayyar also worked with BoFA Merrill Lynch as a senior member of the Financial Institutions Group.