JPMorgan Hires Former Paytm President Nayyar

Amit Nayyar, the former president of Indian digital payments firm Paytm, has been appointed by JPMorgan Chase & Co. to manage its advising work with European financial technology businesses.

Nayyar will join JPMorgan on December 20 as head of fintech and payments coverage for Europe, the Middle East, and Africa, according to a JPMorgan spokesperson who responded to Bloomberg questions Monday.

He’ll be located in London and report to EMEA technology investment banking co-heads Matt Gehl and Xavier Bindel. Before joining Paytm, Nayyar was a managing director at the top Indian boutique investment bank Arpwood Capital Pvt.

Nayyar resigned from Paytm ahead of its 183 billion-rupee ($2.4 billion) initial public offering in November, which was India’s largest-ever listing.

Nayyar previously worked on Goldman Sachs Group Inc.’s Indian investment banking team, where he was co-chief operating officer and head of the financial institutions group and industrials group. He also did a stint at Bank of America Corp.