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Paytm ropes in Goldman Sachs chairman Mark Schwartz on board of directors

Paytm ropes in Goldman Sachs chairman Mark Schwartz on board of directors

India TV Business Desk, New Delhi [ Updated: October 24, 2016 15:46 IST ]
Paytm ropes in Goldman Sachs chairman Mark Schwartz on board of directors

Paytm, India’s largest mobile payment and e-commerce company, today appointed Mark Schwartz, vice chairman of the US-based Goldman Sachs group, as its board member.

Mark, currently based in Beijing, is also the chairman of the Goldman Sachs Asia-Pacific. 

“Mark has played a critical role in building leading businesses in the Asia Pacific region and across the world. I am confident Mark’s insights would offer excellent leadership for Paytm as we work towards bringing half a billion Indians to the mainstream economy.”

Mark played a major role in helping Alibaba founder Jack Ma and Executive Vice Chairman Joseph Tsai with company’s Rs 167 crore IPO in New York in 2014.

“I’m thrilled to join Paytm as a board member,” said Mark, adding, “India is one of the most dynamic and interesting economies in the world and I’m incredibly excited about working with Vijay and his team.”

 

Mark has over 27 years of experience in Goldman Sachs. He joined the firm’s Investment Banking department in 1979. After relocating to Tokyo as the President of the Japan unit in 1997, he became the Chairman of Goldman Sachs Asia Pacific in 1999. He retired from the firm in 2001 but later rejoined as the Asia Pacific Chairman in 2012.

Mark’s association with Paytm comes at a time when the company is on a mission to bring half a billion Indians to the mainstream of the economy using mobile payment, commerce and soon to be launched payment banking services

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