Gerd Schenkel

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Gerd Schenkel
GerdSchenkel.jpg
Born
NationalityAustralian/German
Children2
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]

Contents

Education

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]

Career

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]

Personal

Gerd was married and has two daughters, Faedra and Lillie. [48]

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www.gerdschenkel.com www.pipdigital.com