ChainCatcher news, according to Tech in Asia, Indian fintech company Paytm is restructuring its management to develop payment and financial services. Paytm has appointed Rakesh Singh as the new CEO of its investment division, Paytm Money.Rakesh Singh has over 20 years of experience in the financial industry, having served as CEO of Fisdom's brokerage entity and held significant positions at ICICI Securities and Standard Chartered Bank. Rakesh Singh succeeds Varun Sridhar, who will become the CEO of Paytm Services. Paytm Services is primarily responsible for wealth products and mutual fund distribution.Bhavesh Gupta, who previously served as President and COO of Paytm's payments and loans division, will leave for personal reasons. He will become an advisor, assisting Paytm's expansion efforts until the end of the year.In April of this year, Paytm also announced that its bank division CEO and Managing Director Surinder Chawla resigned, effective June 26. Paytm founder Vijay Shekhar Sharma stepped down from the company's board in February this year.Paytm stated that the new personnel appointments are in line with the company's initiatives in expansion, innovation, and regulatory compliance.

According to Blockworks, the cryptocurrency exchange platform Gemini has appointed Sachin Ranglani as Vice President and Head of India. Previously, Sachin served as Senior Vice President of Product Management at the Indian third-party payment platform Paytm, and has held positions at Uber, Amazon, and Infosys.Previous report states that on September 26, Gemini announced plans to invest 2 billion Indian Rupees (24 million USD) over the next two years to develop its development center in Gurugram, deepening its investment in India.Pravjit Tiwana, CEO of Gemini Asia Pacific, stated that its spot and derivatives cryptocurrency trading products are ready to serve retail and institutional clients in India.It is reported that Gemini's entry into the Indian market aligns with its expansion strategy in Singapore, aiming to increase its workforce to over 100 by next year.