People on the Move: Madhur Deora, Paytm
India-based online commerce platform Paytm has appointed Madhur Deora as its Chief Financial Officer and senior vice president. In the role, he will be responsible for building and managing the company’s newly formed financial services business. Formerly managing director with Citigroup Investment Banking in Mumbai, Deora has more than 17 years of investment banking experience. In 2015, he represented Paytm in its negotiations with Ant Financial, which invested $575 million to acquire a 26 percent stake in the company.