Gerd Schenkel

Gerd Schenkel
Born	Germany
Nationality	Australian/German
Children	2
Website	http://www.gerdschenkel.com

Gerd Schenkel MS (Robotics), MBA (Columbia), born on 27 May 1969,^[1] is an Australian business person,^[2] Chairman of Credit Clear,^[3][4] and Partner at Kearney, a global consultancy.^[1]

In December 2021, Schenkel was appointed to the Board of Genworth, an ASX listed insurer.^[5]

In October 2020, Credit Clear listed on the Australian Stock Exchange via an initial public offering under the ticker symbol CCR.^{[6][7][8][9][10] [11]}

Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks.^{[12][13][14][15]}

In December 2019, Tyro Payments listed on the Australian Stock Exchange.^[16] As of 15 July 2020, the company's market capitalisation was approximately A$1.85b ^[17]

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".^[18] The Australian Financial Review reported that Schenkel was pursuing "a new banking venture”.^[19] Schenkel is the Managing Director of consultancy "BGA Digital".^[20]

Prior to Tyro, Gerd Schenkel was the founder and Executive Director of Telstra Digital, the digital division of one of Australia's largest corporations.^{[21][22][23][24][25]}

At Telstra, he led the launch of Belong, Telstra's low cost broadband business which as of June 2017 had over 150,000 customers.^[26][27]

In 2008, he launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b.^[28][29][30]

Before launching UBank, Schenkel was general manager of NAB's CRM system.^[31]

Prior to that, Schenkel worked for The Boston Consulting Group.^[32]

Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York.^[33] He is the co-author of several scientific articles in the field of robotics.^[34]

He is a regular contributor to the Australian business community ^[35][20] and in November 2017 was appointed to the Federal Treasurer's Small Business Digitisation Taskforce ^[36] 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.^[37][35]

In December 2018, Gerd was appointed chairman of Australian FinTech Credit Clear.^[38][39]

In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire ME Bank,^[40] but ME Bank was ultimately acquired by Bank of Queensland<ref>https://www.smh.com.au/business/banking-and-finance/me-bank-closing-in-on-deal-with-bank-of-queensland-shareholders-told-20210218-p573nr.html <ref>

References[]

External links[]

www.gerdschenkel.com www.pipdigital.com