PayTM has today announced that it has appointed Krishna Hegde, a top executive of Barclays to head company’s consumer investment products division for its payment bank.
Krishna Hegde was working as a managing director for credit research at Barclays. So, he will relocate from Singapore to Paytm’s headquarters in Noida in March. He will now report to Shinjini Kumar, the chief executive of the payments bank business.
Amit Sinha, head of human resources at PayTM, said,
Krishna will be leading and building bottom up the savings account investment portfolio, including mutual funds, money market funds etc. It is one of the critical areas for growth in the payment bank division.
Commenting about his appointment, Hegde said,
India is an exciting place to be…regulators are supporting innovation, creating the ideal backdrop for technology to be harnessed to change millions of lives. The ambition to use technology to increase the availability and utilisation of financial services across India is a mission that I identify with.
PayTM’s founder Vijay Sharma was among the 11 recipient of the payment bank license from Reserve Bank of India. The company has started appointing for senior management level even though the company’s name has not been decided yet.
The company had recently hired Saurabh Sharma, a former Airtel executive, to head merchant and agent acquisition while Vikas Purohit, who was formerly with Amazon India will now be leading the company’s banking operations.