People on the Move: Gerd Schenkel, Tyro Payments
Gerd Schenkel has been appointed CEO of Tyro Payments, an Australian financial institution specializing in acquiring, where he will be tasked with leading the company’s growth and public advocacy activities. Schenkel has more than 17 years of experience in Australian banking and technology-related businesses. In 2008, he founded Australia’s first home-grown digital deposit and mortgage bank, UBank, which now holds about $20 billion in customer balances. Most recently, he served as executive director and founder of Telstra Digital.
Since its founding in 2003, Tyro has grown to serve more than 16,000 small businesses, processing AU$8.6 billion in transactions and generating more than AU$95 million in revenue in FY16.