(Bloomberg) -- JPMorgan Chase & Co. has hired Amit Nayyar, the former president of Indian digital payments giant Paytm, to lead its advisory work with European financial technology companies.
Nayyar is set to join JPMorgan on Dec. 20 as head of fintech and payments coverage for Europe, the Middle East and Africa, a spokesman for the bank confirmed in response to Bloomberg queries Monday.
He will be based in London and report to Matt Gehl and Xavier Bindel, co-heads of EMEA technology investment banking.
Nayyar resigned from Paytm ahead of its 183 billion-rupee ($2.4 billion) initial public offering in November, which was India's biggest-ever listing. Before joining Paytm, Nayyar was a managing director at top Indian boutique investment bank Arpwood Capital Pvt.
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.
Other firms have also been beefing up their fintech teams in Europe as the sector attracts record amounts of capital. Fenchurch Advisory Partners last month announced the creation of a dedicated team to cover the sector. Earlier this year, Perella Weinberg Partners this year hired Max Mesny, a fintech and payments specialist previously at Credit Suisse Group AG.
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