Mobile payment and ecommerce company, Paytm has announced that Goldman Sachs APAC chairman Mark Schwartz\u00a0will join its Board of Directors. This appointment comes on the back of last week\u2019s announcement, where ex-Google Head of Search Amit Singhal was appointed to the Board.\r\n\r\nMark is currently based in Beijing. He has over 27 years of experience in Goldman Sachs. He joined the firm\u2019s 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.\r\n\r\nHe played a major role in helping Alibaba founder Jack Ma and Executive Vice Chairman Joseph Tsai with Alibaba\u2019s $25 billion IPO in New York in 2014.\r\n\r\nMark believes India to be one of the most dynamic and interesting economies in the world \u201cand I\u2019m incredibly excited about working with Vijay and his team,\u201d he said.\r\n\r\nVijay Shekhar Sharma, Paytm\u2019s founder-CEO said, \u201cWe are honoured to welcome Mark to Paytm\u2019s board. He has played a critical role in building leading businesses in the Asia-Pacific region and across the world. I am confident Mark\u2019s insights would offer excellent leadership for Paytm as we work towards bringing half a billion Indians to the mainstream economy.\u201d\r\n\r\nEarlier in January this year, Amit Lakhotia, Vice President at Paytm, resigned from the company. Lakhotia had been heading the payments business at Paytm. In October, Paytm\u00a0appointed Madhur Deora as its Chief Financial Officer and Senior Vice President, for building, managing, and expanding Paytm\u2019s financial services business.\r\n\r\nAdditionally, Paytm\u2019s new venture payments bank is scheduled for launch this Diwali. The company has reportedly collaborated with IndusInd Bank, ICICI Prudential, and HDFC Mutual Fund in order to offer services in the area of banking, insurance, and mutual funds, all of which require a strong core team and focus from senior members in the industry.