Gerd Schenkel | |
|---|---|
 | |
| Born | |
| Nationality | Australian/German |
| Children | 2 |
| Website | http://www.gerdschenkel.com |
Gerd Schenkel is an Australian-German businessperson. [1] He is the founder of UBank, [2] [3] [4] former Chair [5] of Credit Clear (ASX.CCR), [6] a former non-executive Director of Helia (ASX.HLI), [7] [8] and Senior Adviser at Kearney, a global consultancy. [9]
Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York. [9] [10] He is the co-author of several scientific articles in the field of robotics. [11] [12]
In 2008, Schenkel launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b. [13] [14] [15] Before launching UBank, Schenkel was general manager of NAB's CRM system. [16] Prior to that, Schenkel worked for The Boston Consulting Group. [17]
Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks. [18] [19] [20] [21] In December 2019, Tyro Payments listed on the Australian Stock Exchange. [22] As of 15 July 2020, the company's market capitalisation was approximately A$1.85b [23]
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". [24] The Australian Financial Review reported that Schenkel was pursuing "a new banking venture”. [25] Schenkel is the Managing Director of consultancy "BGA Digital". [26]
Prior to Tyro, Gerd Schenkel was the founder and Executive Director of Telstra Digital, the digital division of one of Australia's largest corporations. [27] [28] [29] [30] [31] At Telstra, he led the launch of Belong, Telstra's low cost broadband business which as of June 2017 had over 150,000 customers. [32] [33]
A regular contributor to the Australian business community, [34] [26] in November 2017 was appointed to the Federal Treasurer's Small Business Digitisation Taskforce, [35] 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. [36] [34]
In December 2018, Gerd was appointed chairman of Australian FinTech Credit Clear. [37]
In October 2020, Credit Clear listed on the Australian Stock Exchange via an initial public offering under the ticker symbol CCR. [38] [39] [40] [41]
In December 2021, Schenkel was appointed to the Board of Helia (formerly Genworth), an ASX listed insurer. [42]
In 2021, Credit Clear announced that it acquired ARMA, a debt collections services business to grow its revenue at a cost of $45m. [43]
In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire ME Bank, [44] but ME Bank was ultimately acquired by Bank of Queensland. [45]
Since 2010, Schenkel has been providing independent consulting services to global organisations. [46] [47]
Gerd was married and has two daughters, Faedra and Lillie. [48]
Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets related products and services. It is a member of the S&P/ASX 20 and Australia's largest telecommunications company by market share.
National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers. NAB was ranked the world's 21st-largest bank measured by market capitalisation and 52nd-largest bank in the world as measured by total assets in 2019.
Genworth Financial, headquartered in Richmond, Virginia, provides life insurance, long-term care insurance, mortgage insurance, and annuities.
Ahmed Fahour is a Lebanese Australian businessman. He was the managing director (MD) and CEO of Latitude Financial Services, and was formerly MD and CEO of Australia Post, and CEO Australia of the National Australia Bank (NAB).
Tyro Payments Limited (Tyro) is an Australian financial institution (neobank) specialising in merchant credit, debit and EFTPOS acquiring.
UBank is an Australian direct bank, that operates as a division of National Australia Bank (NAB). It was established in 2008, and provides savings products and home loans online and over the phone.
OFX, previously known as OzForex, is an Australian online foreign exchange and payments company with headquarters in Sydney. The company provides money transfer services to individuals such as migrants and expatriates and small businesses as well as providing white-label international transfer services for Travelex, MoneyGram, Xero, Capital One 360 and Macquarie Group.
Bellamy's Organic is an Australian organic infant formula and baby food producer, and was a wholly owned subsidiary of Bellamy's Australia before being acquired by China Mengniu Dairy.
Helia is an Australian Lenders mortgage insurance provider. It is listed on the ASX and changed its name from Genworth Mortgage Insurance Australia in October 2022.
Bellamy's Australia is a major Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer.
Laura McBain is an Australian business woman and media commentator. She is the former CEO and managing director of Bellamy's Australia and is known for her leading role in transforming family-run Tasmanian business Bellamy's Organic into a major Australian and international organic food producer.
Domain Group is an Australian digital property portal and associated real-estate industry business. It is best known for its real-estate website domain.com.au, and also owns the brands commercialrealestate.com.au and allhomes.com.au. The company was a wholly-owned subsidiary of Fairfax Media from 1999 until November 2017, when Domain was listed on the Australian Securities Exchange as a public company, although Fairfax Media retained a 60% ownership of shares.
Wisr is an Australian non-bank lender offering consumer lending services. It was known for being the first company of its type to be publicly listed in Australia. In March 2018, DirectMoney launched a major company rebrand to Wisr.
Cathie Reid AM is an Australian businesswoman who was inducted into the Australian Businesswomen's Hall of Fame in 2015 and included in the Australian Financial Review Top 100 Women of Influence. In June 2019, Reid was honoured with a Member of the Order of Australia (AM) for her significant service to healthcare delivery and philanthropy.
Zip Co Limited is a global 'buy now pay later' financial technology company with operations in Australia, New Zealand and the USA. According to their FY22 financial scorecard, across the group they had 12 million total customer accounts, a transaction volume of A$8.7 billion, revenue of A$620 million, and cash gross profit of A$203.7 million. As of 21 December 2022, the market capitalization of Zip was A$431 million.
Tiimely, formerly known as Tic:Toc, is an Australian platform technology company and non-bank home lender based in Adelaide, South Australia. Founded in 2015, but launched to the public in July 2017 as Tic:Toc, Tiimely offers Software-as-a-Service, and automated digital home loans to consumers through their retail brand, Tiimely Home. Bendigo & Adelaide Bank are a major shareholder, owning a 27 percent stake in the business.
Credible Labs Inc., commonly known as Credible, is a financial technology company headquartered in San Francisco. The company also does business through its subsidiary Credible Operations, Inc. Its online marketplace offers consumers the ability to compare and refinance loans, mortgages, and other financial products from lenders. Credible became a subsidiary of Fox Corporation in 2019. In December 2021, Credible acquired digital insurance platform Young Alfred, adding various kinds of insurance including home, auto, and pet to its platform.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
Pepper Money Limited, known as Pepper Money, is a consumer finance company that specialises in consumer lending and residential mortgages. It is part of Pepper Financial Services Group, which has offices in Ireland, Spain, South Korea and the United Kingdom.
:86 400 was an Australian neobank. It was founded in 2019 by Robert Bell and Anthony Thomson.
{{cite web}}: CS1 maint: archived copy as title (link)