Goldman Sachs Asia-Pacific Chairman Mark Schwartz Joins Paytm Board

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Mark Schwartz, chairman of Goldman Sachs Group Inc.’s Asia-Pacific region has joined the board of online payments and e-commerce firm Paytm. His appointment follows that of Amit Singhal, former head of search at Google, who recently joined the company’s board to strengthens its financial and technology management.

“He (Schwartz) 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,” said Vijay Shekhar Sharma, chief executive officer, Paytm.

Schwartz, who joined Goldman in 1979 in the investment banking division, relocated to Tokyo in 1997 and built up the firm’s Japanese business. He left the company in 2001 and ran billionaire George Soros’s ‘Soros Fund Management’. He rejoined Goldman in 2012. “He played a major role in helping Alibaba founder Jack Ma and executive vice chairman Joseph Tsai with Alibaba’s $25 billion IPO in New York in 2014,” Paytm said in a statement.