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| name = Gerd Schenkel
| name = Gerd Schenkel
| birth_place = [[Germany]]
| birth_place = [[Germany]]
| age = 47
| nationality = Australian/German
| nationality = Australian/German
| children = 2
| children = 2
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In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire [[ME Bank]],<ref>{{Cite web|url=https://www.theaustralian.com.au/business/financial-services/anz-looking-at-possible-bid-for-regional-lender-me-bank/news-story/7971ccf63cc34ee1f18f294a8cd9dd57|title = Subscribe to the Australian &#124; Newspaper home delivery, website, iPad, iPhone & Android apps}}</ref> but [[ME Bank]] was ultimately acquired by [[Bank of Queensland]].<ref>{{cite web | url=https://www.smh.com.au/business/banking-and-finance/me-bank-closing-in-on-deal-with-bank-of-queensland-shareholders-told-20210218-p573nr.html | title=ME Bank closing in on deal with Bank of Queensland, shareholders told | date=18 February 2021 }}</ref>
In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire [[ME Bank]],<ref>{{Cite web|url=https://www.theaustralian.com.au/business/financial-services/anz-looking-at-possible-bid-for-regional-lender-me-bank/news-story/7971ccf63cc34ee1f18f294a8cd9dd57|title = Subscribe to the Australian &#124; Newspaper home delivery, website, iPad, iPhone & Android apps}}</ref> but [[ME Bank]] was ultimately acquired by [[Bank of Queensland]].<ref>{{cite web | url=https://www.smh.com.au/business/banking-and-finance/me-bank-closing-in-on-deal-with-bank-of-queensland-shareholders-told-20210218-p573nr.html | title=ME Bank closing in on deal with Bank of Queensland, shareholders told | date=18 February 2021 }}</ref>

== Personal ==
Gerd is 47 years old and has two daughters, Faedra (19) and Lillie (23). <ref> https://exchange.telstra.com.au/author/gerd-schenkel/ </ref>


==References==
==References==

Revision as of 02:10, 6 April 2023

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

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 Partner at Kearney, a global consultancy.[5]

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 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 is 47 years old and has two daughters, Faedra (19) and Lillie (23). [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 [dead link]
  5. ^ a b "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. ^ a b "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. ^ a b "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).
  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. ^ https://exchange.telstra.com.au/author/gerd-schenkel/

www.gerdschenkel.com www.pipdigital.com

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