Paytm appoints Goldman Sachs VC Mark Schwartz to its board

Online payments and e-commerce company Paytm is adding more muscle to its board. Paytm, which is preparing to launch its payment bank operations soon, has appointed Mark Schwartz, vice chairman of the Goldman Sachs Group and chairman of Goldman Sachs in Asia-Pacific, as a member to its board.

The company said Schwartz would actively guide business teams at Paytm to ensure strong and consistent growth.

Schwartz, who is currently based in Beijing, has been with Goldman Sachs for over 27 years. He retired from the firm in 2001 but later rejoined as the Asia-Pacific chairman in 2012 and played a crucial role in shaping Alibaba Group’s $25-billion IPO in 2014.