Paytm Money CEO Varun Sridhar steps down; Rakesh Singh appointed as chief executive
Paytm Money, the wealth management platform of One 97 Communications Ltd, has appointed Rakesh Singh as its CEO replacing Varun Sridhar, who had been its chief executive since 2020, people aware of the matter said.
Singh, who was the CEO of broking services at PayU-backed Fisdom, is learnt to have joined Paytm Money last month, one of the persons said, adding that Sridhar has been moved to a different role within the group.
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Paytm did not respond to queries at the time of publishing.
The stock and mutual fund broking arm of Paytm has seen another senior appointment recently. In February, ET reported that Paytm Money appointed Vipul Mewada as its chief financial officer. Mewada was earlier deputy CFO at ICICI Securities.
The digital wealth management segment has seen a churn in the top decks in recent months. ET reported on January 15 that at least four top executives of Kotak Cherry, the digital wealth management app run by Kotak Mahindra Bank, including its chief executive Srikanth Subramanian, are expected to join rival broking
