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Gerd Schenkel

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


Gerd Schenkel MS (Robotics), MBA (Columbia), born on 27th May 1974, is an Australian business person [1], chairman of Credit Clear [2], and Director and digital practice leader at Partners in Performance, a consultancy.[3] [4]

In July 2020, Credit Clear confirmed that it was preparing for an Initial Public Offering on the Australian Stock Exchange. [5]

Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks.[6][7][8][9]

In December 2019, Tyro Payments listed on the Australian Stock Exchange. [10] As of 15 July 2020, the company's market capitalisation was approxiamtely A$1.85b [11]

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".[12] The Australian Financial Review reported that Schenkel was pursuing "a new banking venture”.[13] Schenkel is the Managing Director of consultancy "BGA Digital".[14]

Prior to Tyro, Gerd Schenkel was the founder and Executive Director of Telstra Digital, the digital division of one of Australia's largest corporations.[15][16][17][18][19]

At Telstra, he led the launch of Belong, Telstra's low cost broadband business which as of June 2017 had over 150,000 customers.[20][21]

In 2008, he launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b.[22][23][24]

Before launching UBank, Schenkel was general manager of NAB's CRM system.[25]

Prior to that, Schenkel worked for The Boston Consulting Group.[26]

Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York.[27] He is the co-author of several scientific articles in the field of robotics.[28]

He is a regular contributor to the Australian business community [14] and in November 2017 was appointed to the Federal Treasurer's Small Business Digitisation Taskforce [29] 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. [30]

In December 2018, Gerd was appointed chairman of Australian FinTech Credit Clear. [31] [32]

References

  1. ^ http://www.theaustralian.com.au/business/financial-services/tyros-new-boss-gerd-schenkel-says-fintech-revolution-mostly-hype/news-story/53f3531516350cd11c873718fe089f12
  2. ^ http://www.theaustralian.com.au%2Fbusiness%2Ffinancial-services%2Ffintech-credit-clear-taps-ai-social-media-to-cut-cost-of-debt-collection%2Fnews-story%2F3d04e39d2c951ad949f122d26ebb3e5c&usg=AOvVaw0yai_jxhqhZKwrXmiG1hrF
  3. ^ https://www.consultancy.com.au/news/816/partners-in-performance-launches-digital-transformation-unit
  4. ^ https://which-50.com/consultancy-partners-in-performance-taps-gerd-schenkel-to-lead-new-digital-practice/
  5. ^ https://www.theaustralian.com.au/business/financial-services/debt-collector-credit-clear-to-push-ahead-with-ipo-amid-market-volatility/news-story/df54d3c7bdc24539de5d9101eb46891c
  6. ^ "Tyro turns to Gerd Schenkel as new CEO to disrupt the banks". Afr.com. 19 October 2016. Retrieved 2016-10-22.
  7. ^ "UBank Founder Gerd Schenkel Takes Helm at Tyro". The Australian. Retrieved 2016-10-22.
  8. ^ "Former Telstra digital chief takes CEO spot at fintech player Tyro". Cio.com.au. Retrieved 2016-10-22.
  9. ^ "Tyro Payments brings in Aussie banking tech veteran - IBS Intelligence". Ibsintelligence.com. 20 October 2016. Retrieved 2016-10-22.
  10. ^ https://www.afr.com/street-talk/tyro-ipo-bookbuild-launched-20191202-p53fwu
  11. ^ https://www.asx.com.au/asx/share-price-research/company/TYR
  12. ^ "Tyro Chief Executive Officer Gerd Schenkel Resigns - Tyro Payments".
  13. ^ "Departing Tyro chief Gerd Schenkel cites growth challenges and eyes new venture". 14 June 2017.
  14. ^ a b "Access to capital only the start for early-stage businesses". 30 October 2017.
  15. ^ "Telstra calls on Master of Robotics to rewire its malfunctioning internet home page". The Australian. Retrieved 2016-10-22.
  16. ^ "Telstra to expand online service and add more than 100 new stores". Telstra.com.au. 2011-02-21. Retrieved 2016-10-22.
  17. ^ 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. Retrieved 2016-10-22.
  18. ^ "Telstra - Telstra's Digital Story". Telstra.com.au. Archived from the original on 2016-10-07. Retrieved 2016-10-22.
  19. ^ Battersby, Lucy. "Telstra wants to get more customers online". Smh.com.au. Retrieved 2016-10-22.
  20. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2017-08-17. Retrieved 2017-08-17.{{cite web}}: CS1 maint: archived copy as title (link)
  21. ^ "Telstra gives subsidiary internet provider Belong a push along". 11 June 2014.
  22. ^ "NAB unveils UBank". Nab.com.au. Retrieved 2016-10-22.
  23. ^ "Financial results". Nab.com.au. Retrieved 2016-10-22.
  24. ^ McIntyre, Paul. "NAB goes online to reach people allergic to banks". Smh.com.au. Retrieved 2016-10-22.
  25. ^ http://east.com.au/publications/banking-news/executive-interview-gerd-schenkel-general-manager-customer-strategy-cross-m
  26. ^ Pash, Chris (19 October 2016). "Major Australian fintech Tyro just hired the UBank founder as its CEO".
  27. ^ "Gerd Schenkel joins Jost Stollmann as Tyro's new CEO to build the nextGen Bank - Tyro Payment". Tyro.com. Retrieved 2016-10-22.
  28. ^ "Google Scholar". scholar.google.com.au.
  29. ^ Pash, Chris (20 November 2017). "Mark Bouris will head the Turnbull government's small business taskforce on going digital".
  30. ^ https://www.budget.gov.au/2018-19/content/myefo/download/MYEFO_2018-19.pdf
  31. ^ https://www.theaustralian.com.au/business/financial-services/fintech-credit-clear-taps-ai-social-media-to-cut-cost-of-debt-collection/news-story/3d04e39d2c951ad949f122d26ebb3e5c
  32. ^ https://which-50.com/gerd-schenkel-joins-credit-clear-as-chairman/

External links

www.gerdschenkel.com www.pipdigital.com