Gerd Schenkel

Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York.{{cite web |title=Gerd Schenkel joins Jost Stollmann as Tyro's new CEO to build the nextGen Bank - Tyro Payment |url=https://tyro.com/press-releases/gerd-schenkel-joins-jost-stollmann-as-tyros-new-ceo/ |access-date=2016-10-22 |website=Tyro.com|df=dmy-all}} He is the co-author of several scientific articles in the field of robotics.{{cite web |title=Google Scholar |url=https://scholar.google.com.au/scholar?hl=en&q=gerd+schenkel&btnG=&as_sdt=1,5&as_sdtp= |website=scholar.google.com.au}} {{cite book | s2cid=7860568 | doi=10.1109/ACC.1994.735172 | chapter=Passivity of a class of sampled-data systems: Application to haptic interfaces | title=Proceedings of 1994 American Control Conference - ACC '94 | date=1994 | last1=Colgate | first1=J.E. | last2=Schenkel | first2=G. | volume=3 | pages=3236–3240 | isbn=0-7803-1783-1 }}

In 2008, Schenkel launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b.{{cite web |title=NAB unveils UBank |url=http://www.nab.com.au/about-us/media/media-releases-2008/nab-unveils-ubank |access-date=2016-10-22 |website=Nab.com.au |archive-date=12 September 2016 |archive-url=https://web.archive.org/web/20160912200721/https://www.nab.com.au/about-us/media/media-releases-2008/nab-unveils-ubank |url-status=dead }}{{cite web |title=Financial results |url=http://www.nab.com.au/about-us/shareholder-centre/financial-disclosuresandreporting/financial-results |access-date=2016-10-22 |website=Nab.com.au|df=dmy-all}}{{cite web |last=McIntyre |first=Paul |date=22 April 2009 |title=NAB goes online to reach people allergic to banks |url=https://www.smh.com.au/business/nab-goes-online-to-reach-people-allergic-to-banks-20090422-aff4.html |access-date=2016-10-22 |website=Smh.com.au|df=dmy-all}} Before launching UBank, Schenkel was general manager of NAB's CRM system.{{cite web |title=East & Partners {{!}} Executive Interview – Gerd Schenkel – General Manager, Customer Strategy & Cross Marketing, NAB |url=http://east.com.au/publications/banking-news/executive-interview-gerd-schenkel-general-manager-customer-strategy-cross-m |url-status=dead |archive-url=https://web.archive.org/web/20150530014031/http://east.com.au/publications/banking-news/executive-interview-gerd-schenkel-general-manager-customer-strategy-cross-m |archive-date=2015-05-30|df=dmy-all}} Prior to that, Schenkel worked for The Boston Consulting Group.{{cite web |last=Pash |first=Chris |date=19 October 2016 |title=Major Australian fintech Tyro just hired the UBank founder as its CEO |url=https://www.businessinsider.com.au/major-australian-fintech-tyro-just-hired-the-ubank-founder-as-its-ceo-2016-10 |access-date=21 August 2017 |archive-date=21 August 2017 |archive-url=https://web.archive.org/web/20170821023350/https://www.businessinsider.com.au/major-australian-fintech-tyro-just-hired-the-ubank-founder-as-its-ceo-2016-10 |url-status=dead }}

Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks.{{cite web |date=19 October 2016 |title=Tyro turns to Gerd Schenkel as new CEO to disrupt the banks |url=http://www.afr.com/technology/tyro-turns-to-gerd-schenkel-as-new-ceo-to-disrupt-the-banks-20161019-gs5rva |access-date=2016-10-22 |website=Afr.com|df=dmy-all}}{{cite news |title=UBank Founder Gerd Schenkel Takes Helm at Tyro |newspaper=The Australian |url=http://www.theaustralian.com.au/business/financial-services/ubank-founder-gerd-schenkel-takes-helm-at-tyro/news-story/f278b617ab0e42008ebe5d514a613505 |access-date=2016-10-22}}{{cite web |title=Former Telstra digital chief takes CEO spot at fintech player Tyro |url=http://www.cio.com.au/article/608789/former-telstra-digital-chief-takes-ceo-spot-fintech-player-tyro/ |access-date=2016-10-22 |website=Cio.com.au |df=dmy-all |archive-date=22 October 2016 |archive-url=https://web.archive.org/web/20161022095926/http://www.cio.com.au/article/608789/former-telstra-digital-chief-takes-ceo-spot-fintech-player-tyro/ |url-status=dead }}{{cite web |date=20 October 2016 |title=Tyro Payments brings in Aussie banking tech veteran - IBS Intelligence |url=https://ibsintelligence.com/ibs-journal/ibs-news/tyro-payments-brings-in-aussie-banking-tech-veteran/ |access-date=2016-10-22 |website=Ibsintelligence.com |df=dmy-all |archive-date=22 October 2016 |archive-url=https://web.archive.org/web/20161022102317/https://ibsintelligence.com/ibs-journal/ibs-news/tyro-payments-brings-in-aussie-banking-tech-veteran/ |url-status=dead }} In December 2019, Tyro Payments listed on the Australian Stock Exchange.{{cite web |date=2 December 2019 |title=Tyro IPO price fixed at $2.75, top of the range |url=https://www.afr.com/street-talk/tyro-ipo-bookbuild-launched-20191202-p53fwu}} As of 15 July 2020, the company's market capitalisation was approximately A$1.85b {{Cite web|url=https://www2.asx.com.au/content/asx/company.TYR.html|title=TYR share price and company information for ASX:TYR|website=Australian Securities Exchange|access-date=24 November 2022}}

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".{{Cite web|url=https://www.tyro.com/about-tyro/media/tyro-chief-executive-officer-gerd-schenkel-resigns/|title=Tyro Chief Executive Officer Gerd Schenkel Resigns|website=Tyro|access-date=24 November 2022}} The Australian Financial Review reported that Schenkel was pursuing "a new banking venture”.{{cite web |date=14 June 2017 |title=Departing Tyro chief Gerd Schenkel cites growth challenges and eyes new venture |url=http://www.afr.com/technology/departing-tyro-chief-gerd-schenkel-cites-growth-challenges-and-eyes-new-venture-20170614-gwqr1d}} Schenkel is the Managing Director of consultancy "BGA Digital".{{cite web |date=30 October 2017 |title=Access to capital only the start for early-stage businesses |url=http://www.afr.com/news/special-reports/trailblazers/access-to-capital-only-the-start-for-earlystage-businesses-20171027-gz9rz3}}

Prior to Tyro, Gerd Schenkel was the founder and Executive Director of Telstra Digital, the digital division of one of Australia's largest corporations.{{cite news |title=Telstra calls on Master of Robotics to rewire its malfunctioning internet home page |newspaper=The Australian |url=http://www.theaustralian.com.au/business/news/telstra-calls-on-master-of-robotics-to-rewire-its-malfunctioning-internet-home-page/story-e6frg906-1226085934554 |access-date=2016-10-22}}{{cite web |date=2011-02-21 |title=Telstra to expand online service and add more than 100 new stores |url=http://www.telstra.com.au/aboutus/media/media-releases/telstra-to-expand-online-service-and-add-more-than-100-new-stores.xml |access-date=2016-10-22 |df=dmy-all |website=Telstra.com.au |archive-date=22 October 2016 |archive-url=https://web.archive.org/web/20161022091639/http://www.telstra.com.au/aboutus/media/media-releases/telstra-to-expand-online-service-and-add-more-than-100-new-stores.xml |url-status=dead }}{{cite web |last=Kimmorley |first=Sarah |date=19 May 2015 |title=Telstra's Digital boss has a message for everyone who thinks they can mess up in business: 'Failure is not OK' |url=http://www.businessinsider.com.au/telstras-digital-boss-has-a-message-for-everyone-who-thinks-they-can-mess-up-in-business-failure-is-not-ok-2015-5 |access-date=2016-10-22 |df=dmy-all |website=Businessinsider.com.au |archive-date=3 July 2016 |archive-url=https://web.archive.org/web/20160703070512/http://www.businessinsider.com.au/telstras-digital-boss-has-a-message-for-everyone-who-thinks-they-can-mess-up-in-business-failure-is-not-ok-2015-5/ |url-status=dead }}{{cite web |title=Telstra - Telstra's Digital Story |url=https://www.telstra.com.au/community/digital-story |url-status=dead |archive-url=https://web.archive.org/web/20161007190102/https://www.telstra.com.au/community/digital-story |archive-date=2016-10-07 |access-date=2016-10-22 |website=Telstra.com.au}}{{cite web |last=Battersby |first=Lucy |date=20 February 2011 |title=Telstra wants to get more customers online |url=https://www.smh.com.au/business/telstra-wants-to-get-more-customers-online-20110220-1b10v.html |access-date=2016-10-22|df=dmy-all |website=Smh.com.au}} At Telstra, he led the launch of Belong, Telstra's low cost broadband business which as of June 2017 had over 150,000 customers.{{Cite web |title=Archived copy |url=https://www.telstra.com.au/content/dam/tcom/about-us/investors/pdf-e/170817-FY17-Analyst-Presentation.pdf |url-status=dead |archive-url=https://web.archive.org/web/20170817120603/https://www.telstra.com.au/content/dam/tcom/about-us/investors/pdf-e/170817-FY17-Analyst-Presentation.pdf |archive-date=2017-08-17|df=dmy-all |access-date=2017-08-17}}{{cite web |date=11 June 2014 |title=Telstra gives subsidiary internet provider Belong a push along |url=http://www.afr.com/business/telecommunications/telstra-gives-subsidiary-internet-provider-belong-a-push-along-20140610-iwnqw}}

A regular contributor to the Australian business community,{{Cite web |date=19 May 2021 |title=Lessons from forced CEO exits |url=https://www.afr.com/chanticleer/lessons-from-forced-ceo-exits-20210519-p57tbd}} in November 2017 was appointed to the Federal Treasurer's Small Business Digitisation Taskforce,{{cite web |last=Pash |first=Chris |date=20 November 2017 |title=Mark Bouris will head the Turnbull government's small business taskforce on going digital |url=https://www.businessinsider.com.au/mark-bouris-is-heading-the-small-business-digital-taskforce-2017-11 |access-date=20 November 2017 |archive-date=20 November 2017 |archive-url=https://web.archive.org/web/20171120125023/https://www.businessinsider.com.au/mark-bouris-is-heading-the-small-business-digital-taskforce-2017-11 |url-status=dead }} 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.{{Cite web |title=Budget Archive |url=https://www.budget.gov.au/2018-19/content/myefo/download/MYEFO_2018-19.pdf |access-date=17 December 2018 |archive-date=17 December 2018 |archive-url=https://web.archive.org/web/20181217005058/https://www.budget.gov.au/2018-19/content/myefo/download/MYEFO_2018-19.pdf |url-status=dead }}

In December 2018, Gerd was appointed chairman of Australian FinTech Credit Clear.{{Cite web|url=https://which-50.com/gerd-schenkel-joins-credit-clear-as-chairman/|title=Gerd Schenkel joins Credit Clear as Chairman|website=Gerd Schenkel joins Credit Clear as Chairman|access-date=24 November 2022|archive-date=6 April 2023|archive-url=https://web.archive.org/web/20230406031316/https://which-50.com/gerd-schenkel-joins-credit-clear-as-chairman/|url-status=dead}}

In October 2020, Credit Clear listed on the Australian Stock Exchange via an initial public offering under the ticker symbol CCR.{{Cite web|url=https://www2.asx.com.au/content/asx/search.html|title=Search|website=Australian Securities Exchange|access-date=24 November 2022}}{{Cite web|url=https://www2.asx.com.au/content/asx/home/listings/upcoming-floats-and-listings.html|title=Upcoming floats and listings|website=Australian Securities Exchange|access-date=24 November 2022}}{{cite web |date=25 October 2020 |title=IPO watch: roadshows galore, window wide open |url=https://www.afr.com/street-talk/ipo-watch-roadshows-galore-window-wide-open-20201025-p568b9}}{{cite web |date=29 October 2020 |title=The Credit Clear (ASX:CCR) share price has rocketed 133% since its IPO this week |url=https://www.fool.com.au/2020/10/29/the-credit-clear-asxccr-share-price-has-rocketed-133-since-its-ipo-this-week/}}

In December 2021, Schenkel was appointed to the Board of Helia (formerly Genworth), an ASX listed insurer.{{cite web| url = https://www.wsj.com/market-data/quotes/AU/XASX/GMA/company-people/executive-profile/181871237| title = GMA.AU Company Profile & Executives - Genworth Mortgage Insurance Australia Ltd. - Wall Street Journal| access-date = 4 December 2021| archive-date = 4 December 2021| archive-url = https://web.archive.org/web/20211204194508/https://www.wsj.com/market-data/quotes/AU/XASX/GMA/company-people/executive-profile/181871237| url-status = dead}}

In 2021, Credit Clear announced that it acquired ARMA, a debt collections services business to grow its revenue at a cost of $45m.{{Cite web|url=https://www.afr.com/street-talk/credit-clear-raising-29-5m-to-acquire-debt-recovery-biz-arma-group-20211214-p59hcx|title = Credit Clear raising $29.5m to acquire debt recovery biz ARMA Group|date = 13 December 2021}}

In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire ME Bank,{{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 | Newspaper home delivery, website, iPad, iPhone & Android apps}} but ME Bank was ultimately acquired by Bank of Queensland.{{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 }}

Since 2010, Schenkel has been providing independent consulting services to global organisations. {{cite web | url=https://umbrex.com/consultants/gerd-schenkel/ | title=Gerd Schenkel - Independent Consultant - Boston Consulting Group }} {{cite web | url=https://www.linkedin.com/posts/gerdschenkel_today-marks-my-last-day-as-non-executive-activity-7190696229104689152-nw_S | title=Gerd Schenkel ⭐ on LinkedIn: Today marks my last day as non Executive Director at Helia (ASX:HLI). I… }}

Gerd was married and has two daughters, Faedra and Lillie.[https://exchange.telstra.com.au/author/gerd-schenkel/ Gerd Schenkel] {{Webarchive|url=https://web.archive.org/web/20230406024056/https://exchange.telstra.com.au/author/gerd-schenkel/ |date=6 April 2023 }}. exchange.telstra.com.au

{{Reflist}}

{{website|www.gerdschenkel.com}}

{{website|www.pipdigital.com}}

{{DEFAULTSORT:Schenkel, Gerd}}

Category:Living people

Category:Year of birth missing (living people)

Category:Australian business executives

Category:Columbia Business School alumni