Gerd Schenkel

Gerd Schenkel MS (Robotics), MBA (Columbia) [1] is an Australian business person,[2] Non-executive Director [3] (Chairman until February 2022) of Credit Clear (ASX.CCR),[4][5] Non-executive Director of Genworth Mortgage Insurance (ASX.GMA),[6] and Partner at Kearney, a global consultancy.[1]

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

In December 2021, Schenkel was appointed to the Board of Genworth, an ASX listed insurer.[7]

In October 2020, Credit Clear listed on the Australian Stock Exchange via an initial public offering under the ticker symbol CCR.[8][9][10][11][12] [13]

In 2021, Credit Clear announced that it acquired ARMA, a debt collections services business to grow its revenue at a cost of $45m.[14]

Until June 2017, he was the CEO of Tyro Payments, an Australian EFTPOS services company, aiming to "disrupt" the incumbent banks.[15][16][17][18]

In December 2019, Tyro Payments listed on the Australian Stock Exchange.[19] As of 15 July 2020, the company's market capitalisation was approximately A$1.85b [20]

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".[21] The Australian Financial Review reported that Schenkel was pursuing "a new banking venture”.[22] Schenkel is the Managing Director of consultancy "BGA Digital".[23]

Prior to Tyro, Gerd Schenkel was the founder and Executive Director of Telstra Digital, the digital division of one of Australia's largest corporations.[24][25][26][27][28]

At Telstra, he led the launch of Belong, Telstra's low cost broadband business which as of June 2017 had over 150,000 customers.[29][30]

In 2008, he launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b.[31][32][33]

Before launching UBank, Schenkel was general manager of NAB's CRM system.[34]

Prior to that, Schenkel worked for The Boston Consulting Group.[35]

Schenkel has a master's degree in Engineering and an MBA from the Columbia Business School in New York.[36] He is the co-author of several scientific articles in the field of robotics.[37]

He is a regular contributor to the Australian business community [38][23] and in November 2017 was appointed to the Federal Treasurer's Small Business Digitisation Taskforce [39] 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.[40][38]

In December 2018, Gerd was appointed chairman of Australian FinTech Credit Clear.[41][42]

In 2021, Schenkel was reported to be part of a "consortium" wanting to acquire ME Bank,[43] 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>