Gerrard B. Schmid currently serves as president and chief executive officer. In this role, he is responsible for driving the organization's global strategies and performance to enable secure, software-defined connected commerce and related services across the financial and retail industries.
Schmid has more than 20 years of leadership experience in banking, payments, and financial technology. Most recently, he was a senior advisor with The Boston Consulting Group. From 2012 to 2017 he served as chief executive officer of D+H Corporation, a $1.7 billion global fintech company that was publicly traded on the Toronto Stock Exchange (TSX:DH) prior to being merged with Misys. Under his leadership, the company evolved from a Canadian leader in payments to a global leader in real-time payments and lending software. He joined D+H in 2007 as president and CEO of the company’s Filogix business unit.
Prior to D+H, he managed a $3 billion retail banking business at Lloyds TSB in the United Kingdom. From 2001 to 2005, he was executive vice president and chief operating officer for retail banking at CIBC, one of the “Big Five” Canadian banks. In 1997 he joined McKinsey and Company, Inc., where he advanced through positions of increasing responsibility, working across financial services, e-commerce and technology before joining CIBC. He began his career in finance at Citibank in 1995 as a developer in derivatives supporting trade reconciliations.
Originally from South Africa, Schmid earned a bachelor’s degree in Aerospace Engineering from the University of the Witwatersrand in Johannesburg and started his career as an aerospace engineer. He also holds a Master of Applied Science in Aerospace Engineering from the University of Toronto.