Gerd Schenkel

Gerd Schenkel is an Australian-German businessperson.[1] He is the former Chair [2] of Credit Clear (ASX.CCR),[3] Non-executive Director of Helia (ASX.HLI),[4] and Senior Adviser at Kearney, a global consultancy.[5]

Gerd Schenkel
Born
Germany
NationalityAustralian/German
Children2
Websitehttp://www.gerdschenkel.com

Education

Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York.[5][6] He is the co-author of several scientific articles in the field of robotics.[7]

Career

In 2008, Schenkel launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b.[8][9][10] Before launching UBank, Schenkel was general manager of NAB's CRM system.[11] Prior to that, Schenkel worked for The Boston Consulting Group.[12]

Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks.[13][14][15][16] In December 2019, Tyro Payments listed on the Australian Stock Exchange.[17] As of 15 July 2020, the company's market capitalisation was approximately A$1.85b [18]

On 13 June 2017 Tyro announced that Gerd Schenkel had resigned because he wanted to "pursue other business opportunities and spend more time with his family".[19] The Australian Financial Review reported that Schenkel was pursuing "a new banking venture”.[20] Schenkel is the Managing Director of consultancy "BGA Digital".[21]

Prior to Tyro, Gerd Schenkel was the founder and Executive Director of Telstra Digital, the digital division of one of Australia's largest corporations.[22][23][24][25][26] At Telstra, he led the launch of Belong, Telstra's low cost broadband business which as of June 2017 had over 150,000 customers.[27][28]

A regular contributor to the Australian business community,[29][21] in November 2017 was appointed to the Federal Treasurer's Small Business Digitisation Taskforce,[30] which led to the federal Government to provide $37.3 million (over four years from 2018) to support small business' adoption of digital tools and methods.[31][29]

In December 2018, Gerd was appointed chairman of Australian FinTech Credit Clear.[32]

In October 2020, Credit Clear listed on the Australian Stock Exchange via an initial public offering under the ticker symbol CCR.[33][34][35][36]

In December 2021, Schenkel was appointed to the Board of Helia (formerly Genworth), an ASX listed insurer.[37]

In 2021, Credit Clear announced that it acquired ARMA, a debt collections services business to grow its revenue at a cost of $45m.[38]

In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire ME Bank,[39] but ME Bank was ultimately acquired by Bank of Queensland.[40]

Personal

Gerd was married and has two daughters, Faedra and Lillie.[41]

References
  1. "Fintech revolution hype: Tyro". 30 October 2016.
  2. "Credit Clear gains new chairman, completes final capital raising stage of ARMA acquisition". 24 February 2022.
  3. The Australian
  4. Report Genworth
  5. "PwC partner heads to KPMG, BCG consultant moves to rival". 18 March 2021.
  6. "Gerd Schenkel joins Jost Stollmann as Tyro's new CEO to build the nextGen Bank - Tyro Payment". Tyro.com. Retrieved 22 October 2016.
  7. "Google Scholar". scholar.google.com.au.
  8. "NAB unveils UBank". Nab.com.au. Archived from the original on 12 September 2016. Retrieved 22 October 2016.
  9. "Financial results". Nab.com.au. Retrieved 22 October 2016.
  10. McIntyre, Paul (22 April 2009). "NAB goes online to reach people allergic to banks". Smh.com.au. Retrieved 22 October 2016.
  11. "East & Partners | Executive Interview – Gerd Schenkel – General Manager, Customer Strategy & Cross Marketing, NAB". Archived from the original on 30 May 2015.
  12. Pash, Chris (19 October 2016). "Major Australian fintech Tyro just hired the UBank founder as its CEO". Archived from the original on 21 August 2017. Retrieved 21 August 2017.
  13. "Tyro turns to Gerd Schenkel as new CEO to disrupt the banks". Afr.com. 19 October 2016. Retrieved 22 October 2016.
  14. "UBank Founder Gerd Schenkel Takes Helm at Tyro". The Australian. Retrieved 22 October 2016.
  15. "Former Telstra digital chief takes CEO spot at fintech player Tyro". Cio.com.au. Archived from the original on 22 October 2016. Retrieved 22 October 2016.
  16. "Tyro Payments brings in Aussie banking tech veteran - IBS Intelligence". Ibsintelligence.com. 20 October 2016. Archived from the original on 22 October 2016. Retrieved 22 October 2016.
  17. "Tyro IPO price fixed at $2.75, top of the range". 2 December 2019.
  18. "TYR share price and company information for ASX:TYR". Australian Securities Exchange. Retrieved 24 November 2022.
  19. "Tyro Chief Executive Officer Gerd Schenkel Resigns". Tyro. Retrieved 24 November 2022.
  20. "Departing Tyro chief Gerd Schenkel cites growth challenges and eyes new venture". 14 June 2017.
  21. "Access to capital only the start for early-stage businesses". 30 October 2017.
  22. "Telstra calls on Master of Robotics to rewire its malfunctioning internet home page". The Australian. Retrieved 22 October 2016.
  23. "Telstra to expand online service and add more than 100 new stores". Telstra.com.au. 21 February 2011. Archived from the original on 22 October 2016. Retrieved 22 October 2016.
  24. Kimmorley, Sarah (19 May 2015). "Telstra's Digital boss has a message for everyone who thinks they can mess up in business: 'Failure is not OK'". Businessinsider.com.au. Archived from the original on 3 July 2016. Retrieved 22 October 2016.
  25. "Telstra - Telstra's Digital Story". Telstra.com.au. Archived from the original on 7 October 2016. Retrieved 22 October 2016.
  26. Battersby, Lucy (20 February 2011). "Telstra wants to get more customers online". Smh.com.au. Retrieved 22 October 2016.
  27. "Archived copy" (PDF). Archived from the original (PDF) on 17 August 2017. Retrieved 17 August 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  28. "Telstra gives subsidiary internet provider Belong a push along". 11 June 2014.
  29. "Lessons from forced CEO exits". 19 May 2021.
  30. Pash, Chris (20 November 2017). "Mark Bouris will head the Turnbull government's small business taskforce on going digital". Archived from the original on 20 November 2017. Retrieved 20 November 2017.
  31. "Budget Archive" (PDF). Archived from the original (PDF) on 17 December 2018. Retrieved 17 December 2018.
  32. "Gerd Schenkel joins Credit Clear as Chairman". Gerd Schenkel joins Credit Clear as Chairman. Retrieved 24 November 2022.
  33. "Search". Australian Securities Exchange. Retrieved 24 November 2022.
  34. "Upcoming floats and listings". Australian Securities Exchange. Retrieved 24 November 2022.
  35. "IPO watch: roadshows galore, window wide open". 25 October 2020.
  36. "The Credit Clear (ASX:CCR) share price has rocketed 133% since its IPO this week". 29 October 2020.
  37. "GMA.AU Company Profile & Executives - Genworth Mortgage Insurance Australia Ltd. - Wall Street Journal". Archived from the original on 4 December 2021. Retrieved 4 December 2021.
  38. "Credit Clear raising $29.5m to acquire debt recovery biz ARMA Group". 13 December 2021.
  39. "Subscribe to the Australian | Newspaper home delivery, website, iPad, iPhone & Android apps".
  40. "ME Bank closing in on deal with Bank of Queensland, shareholders told". 18 February 2021.
  41. Gerd Schenkel Archived 6 April 2023 at the Wayback Machine. exchange.telstra.com.au

www.gerdschenkel.com www.pipdigital.com

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.