Our People
Tim Hext
Head of Government Bond Strategies
Income & Fixed Interest
About Tim
Tim joined Pendal Group in February 2017 with responsibility for managing Australian Bond portfolios. Tim has extensive experience in banking, financial markets and funding.
Tim joined Pendal Group from NSW Treasury Corporation (TCorp), where he was General Manager, Funding and Balance Sheet, with responsibility for defining and executing TCorp’s funding programme and strategy. Tim’s prior experience includes senior positions in Westpac Treasury, Commonwealth Bank of Australia, Deutsche Bank, Bain & Co and Swiss Bank Corporation.
Tim holds a Masters of Economics of Development from the Australian National University and a Bachelor of Commerce from the University of New South Wales.
Income & Fixed Interest Team
George Bishay
Oliver Ge
Steve Campbell
Amy Xie Patrick
Murray Ackman
Anna Hong
Lachlan Fursman, CFA
Terry Yuan
Recent articles by Tim
- Unemployment’s up. Is it just noise or a sign of things to come?
- Tim Hext: Australia to expect state budget downgrades
- Tim Hext: Why Pendal favours a July rate cut
- Tim Hext: Cash rates at 3.1% this year ‘a good bet’
- Tim Hext: Has the Aussie disinflation trend come to a halt?
- Tim Hext: It’s all systems go for the RBA to cut
- Tim Hext: Inflation data shows Australia is in pretty good shape with reasons to be optimistic
- Tim Hext: Art of the deal or new world order?
- Tim Hext: What Trump’s tariff formula means for markets
- Tim Hext: Federal Budget – the three things that matter most to the bond market
- Tim Hext: In the midst of chaos, staying focused on Australian data is crucial
- Tim Hext: Three key takeaways from Australia’s latest national accounts data
- On-demand webinar: How to position portfolios for a falling-rates environment
- Tim Hext: Inflation data ‘good news’ for the RBA
- Tim Hext: Markets ‘complacent’ about tariffs and taxes
- Tim Hext: To cut or not to cut? That’s the question for the RBA
- Tim Hext: The door for rate cuts opens further
- Tim Hext: The market has eyes only for Trump
- Tim Hext: Inflation on track but still too high
- Tim Hext: What Australia’s ‘impressive’ jobs run could mean for markets
- An Aussie green bond that could fund a new national park while generating returns
- Income & Fixed Interest: Pendal’s quarterly insights on the themes driving Aussie markets
- Tim Hext: Inflation is easing, but the RBA isn’t celebrating yet
- Tim Hext: What the US rate cut means for investors – and what’s next
- Tim Hext: In bonds, the trend is your friend
- Tim Hext: Five key takeaways from the latest GDP data
- Tim Hext: RBA minutes – inside a meeting of two-handed economists
- Tim Hext: Rate hikes off, rate cuts on in 2025
- Tim Hext: Can the RBA be patient with inflation?
- Income and fixed interest: Pendal’s quarterly deep dive into the themes driving Australian markets
- Murray Ackman: Why we bought Australia’s first Commonwealth green bond
- Tim Hext: Investors are still relaxed about the inflation outlook
- Tim Hext: Looking beyond the noise at this year’s Budget
- TIM HEXT: Investors should position now for lower rates later this year
- Tim Hext: An upgrade to the financial system’s plumbing
- Tim Hext: What we learned from the latest GDP data
- Tim Hext: January inflation – a low point, for now
- On-demand webinar: How to conquer the interest rate peak
- Goldilocks beware: US inflation data puts markets on notice
- Tim Hext: Inflation is on the right path, but we’re not there yet
- Tim Hext: 2024 inflation outlook is positive for bond investors
- Income and fixed interest wrap: latest outlook for inflation, rates and bonds
- Pendal’s weekly fixed interest wrap
- Tim Hext: Inflation is higher. But is it ‘materially’ higher? That’s the big question
- Weekly fixed interest wrap: close call on next rates decisions; govt bonds at 5pc
- Tim Hext: Australian business remains resilient as we enter spring
- The good news? We’re avoiding recession. The bad news? Living standards are going backwards
- Inflation back below 5pc – but getting to 2-3pc remains a challenge
- Tim Hext: Wage growth remains under control – for now
- Tim Hext: What to pay attention to in the RBA’s latest monetary policy statement
- Tim Hext: Australian inflation is heading back to 4pc
- Tim Hext: Inflation remains stubbornly high — but not as high as you may think
- Tim Hext: Where the RBA’s head is at right now
- US inflation: 4pc on the horizon, but 2pc still a way off
- Budget 2023: Stage 3 tax cuts remain centre stage
- Fixed Interest wrap: Our views on latest inflation data, the RBA review and YFYS reforms
- Tim Hext: The end of interest rate hikes may finally be near
- Why the Silicon Valley Bank collapse happened and what it means for investors
- Tim Hext: Rates are important – but not as much as the Budget
- Fixed interest: Check your ‘duration’ settings before inflation turns
- Hard, fast rates cycle could mean it’s time for long-duration bonds
- Tim Hext: Powell gives the green light after smaller rate rise
- Tim Hext: Inflation looks to be softening. Are sunnier days ahead?
- Tim Hext: The case for inflation-linked bonds
- TIM HEXT: Mixed signals will remain into Christmas
- TIM HEXT: RBA shows some patience with a return to neutral territory
- TIM HEXT: Fiscal support package announced in the UK could make inflation harder to control
- TIM HEXT: Inflation will test Fed’s patience, but RBA has cards up its sleeve
- TIM HEXT: Interest rate pain probably won’t get too bad despite tough talk
- Tim Hext: Hawkish central banks are telling markets to pay attention
- Monthly inflation data is coming. Here’s what it means
- Consumers and business head in different directions
- ‘No pre-set path’: What the RBA statement means for investors
- Fixed interest: why bonds look promising and how to take advantage
- TIM HEXT: Goods prices are peaking but services have a way to go
- Tim Hext: RBA heads back to neutral. But where is neutral?
- TIM HEXT: What investors should know about the outlook for State debt
- TIM HEXT: Inflation noise gets louder but real yields move markets
- TIM HEXT: Fiscal policy will stay expansionary under Labor. Here’s what that means
- Fixed interest: time for tactical moves as big picture emerges
- TIM HEXT: This week’s modest wages data won’t last
- TIM HEXT: Where fixed interest opportunities are emerging
- TIM HEXT: Early green shoots ease inflation pressure
- Rate rise: What’s next after RBA waves the white flag
- Tim Hext: RBA in final preparation for take off
- Federal Budget will embolden the RBA on rates — but not as much as you think
- US rate hikes: what they mean for Australian investors
- The future of bonds (no they’re not disappearing)
- Tim Hext: Dust off the text books as stagflation threat looms
- Tim Hext: Is March the month for hawkish hikes?
- Tim Hext: Ukraine conflict offers glimpse into a world of stagflation
- Tim Hext: Finally a good year for labour
- Tim Hext: what to expect as rate hike cycle begins
- Tim Hext: How the border re-opening will impact investors
- Tim Hext: The RBA is now one of the world’s most dovish central banks
- Inflation: nowhere to run, nowhere to hide
- Tim Hext: How far the next rate-hike cycle could go
- Wages are slowly rising, but inflation is rising faster
- Two big events investors should watch out for next week
- Tim Hext: Australia’s in a surprisingly good position to weather the global storm
- Pendal profile: Meet our head of government bond strategies, Tim Hext
- Tim Hext: Hold course in the face of Trump’s whipsaw tariffs
- Fast podcast: What the latest inflation numbers mean for investors
- Tim Hext: Why Aussie fixed-income investors can largely ignore a potential August rate hike
- Are we getting over-confident on falling inflation? Tim Hext reviews the evidence
- Tim Hext: Why bonds still look better than term deposits
- Tim Hext: Bonds offer returns and cheap insurance right now
- Tim Hext: It’s ‘so far, so good’ on rates and the economy. But what’s next?
- Green bonds: What are they and how do you choose the right ones?
- Tim Hext: Soft landing more likely but don’t hold your breath on rate cuts
- Fast podcast: Why now could be a good time to lock in 10-year bonds
- FAST PODCAST: What wages and jobs are telling us about recession and rates
- Head to head: Pendal equities chief Crispin Murray and bonds boss Tim Hext
- Fast podcast: What the Budget, inflation and rates mean for bonds
- FAST PODCAST: Where we are in this interest rate cycle
- FAST PODCAST: How to think about inflation and rates right now
- FAST PODCAST: Where inflation is heading and how to think about bonds now
- FAST PODCAST: What rates expectations mean for bond-buying
- FAST PODCAST: Outlook for rates, inflation and what it means for bonds
- FAST PODCAST: The role bonds will play in portfolios in 2022
- Tim Hext: Avoiding a double-dip recession
- Tim Hext: what the end of the Central Bank era means for investors
- V, U, W, L… which shape the recovery is likely to take
- Tim Hext on the RBA’s actions and the outlook for bonds
- Tim Hext: RBA brings out the Howitzer
- Residential property – what lies ahead?
- Inflation – still no lift-off, but not all gloom
About Chris
Chris joined Pendal as an equity investment specialist in 2014, with industry experience going back to 2000 across Sydney, London and Hong Kong. He works closely with Pendal’s Australian Equities team and provides the link to their views and insights on the outlook for Australian equity markets and portfolio positions. He also works with emerging market, Asian and global equity teams, drawing on thirteen years in working in offshore markets. Prior to joining Pendal he spent eight years as an equity portfolio specialist with BlackRock and then HSBC Global Asset Management. He is a CFA Charterholder.
Portfolio Specialists Team
Dale Pereira
Recent articles by Chris
Chris Adams
Head Investment Specialist, Pendal EquitiesSales Team
Tim North Ash
Peter Lambos
Laurice Considine
Michael Lagudi
Jeremy Dean
Giovanni Rettura
Tom Loneragan
Maria Plati
Tiana Jade Stojanovski
Marcus Garabedian
Emalee Vidulin
Dan Moore
Leila Romanos
Brad Street
Scott Bradley
Key Account Manager VIC, WAAbout Dale
Dale joined Pendal in 2011 as Portfolio Specialist with responsibility for fixed interest and alternative strategies. In this role Dale was a key link between Pendal’s fixed interest team and the broader business and responsible for providing information and insight to key internal and external stakeholders on Pendal’s fixed interest capabilities. He also looked after our key intermediary research relationships. In July 2018 Dale became Head of Client Solutions, a role where he partners with all Pendal’s Boutiques, Sales and Product teams to position Pendal’s investment capabilities in the most effective and relevant way for clients across all channels.
Prior to joining Pendal, Dale held various senior research roles working closely with advisers on providing product and strategy solutions for their clients, including Head of Product Solutions at Macquarie Private Wealth, and before that Research Strategy Manager at ING dealer groups.
Portfolio Specialists Team
Chris Adams
Dale Pereira
Head of Client SolutionsAbout Anthony
Anthony is an analyst with over 15 years’ experience covering a range of Australian and international sectors. Most recently his sector coverage included Australian Industrials and Energy, including Building Materials, Capital Goods, Engineering & Construction, Transport, Telcos, REITs, Utilities and Infrastructure. He has previously worked as an equity analyst for AllianceBernstein and Macquarie Group, spending a further two years as a management consultant at Port Jackson Partners and two years as an institutional research sales executive with Deutsche Bank. Anthony is a CFA Charterholder and holds bachelor’s degrees in Commerce and Law from the University of Sydney.
Australian Equities Team
Crispin Murray
Damien Diamant
Brenton Saunders
Graeme Petroni
Jim Taylor
Julia Forrest
Julia Maksymow
Lee Ma
Lewis Edgley
Patrick Teodorowski
Oliver Renton
Pete Davidson
Rajinder Singh
Sondal Bensan
Elise McKay
Rachel Folder
Jack Gabb
Recent articles by Anthony
Anthony Moran
Investment Analyst and Portfolio Manager
Australian Equities
About Damien
Damien provides fundamental analysis for our smaller companies strategies, supporting stock selection through valuation, stock data evaluation and building company investment models. Damien was previously an Equity Analyst at Kosmos Asset Management, where he was responsible for fundamental research focused on non-resource ex-ASX 100 Australian and New Zealand stocks. He holds a Bachelor of Business (Finance & Economics) from the University of Technology in Sydney and has completed level three of the CFA program.
Australian Equities Team
- Crispin Murray
Anthony Moran- Brenton Saunders
- Graeme Petroni
- Jim Taylor
- Julia Forrest
- Julia Maksymow
- Lee Ma
- Lewis Edgley
- Patrick Teodorowski
- Oliver Renton
- Pete Davidson
- Rajinder Singh
- Sondal Bensan
- Elise McKay
- Rachel Folder
- Jack Gabb
Damien Diamant
Investment Analyst
Australian Equities
About Brenton
Brenton manages our Midcap Fund and natural resources portfolio, drawing on over 24 years’ expertise spanning precious metals, derivatives, investment banking and private equity to invest in large and small cap mining companies.
Brenton has worked with Randfontein Estates Gold Mine & Harmony Gold as a mine geologist and Executive, and at JP Morgan, Deutsche Bank, Craton Capital, Macquarie Funds Group, and Taurus Funds Management in research and asset management roles.
Graduating with honours, he holds a Bachelor’s degree in Science (Geology) and a Master’s degree in Science from the University of Johannesburg. He is a member of the CFA Institute and has previously served on the International Accounting Standards Board.
Australian Equities Team
- Crispin Murray
- Anthony Moran
- Damien Diamant
- Graeme Petroni
- Jim Taylor
- Julia Forrest
- Julia Maksymow
- Lee Ma
- Lewis Edgley
- Patrick Teodorowski
- Oliver Renton
- Pete Davidson
- Rajinder Singh
- Sondal Bensan
- Elise McKay
- Rachel Folder
- Jack Gabb
Funds managed by Brenton
Recent articles by Brenton
- Brenton Saunders: What’s driving the ASX this week?
- ASX midcaps: It’s a good time to focus on interest rate-sensitive growth stocks
- Brenton Saunders: ASX gold sector shines, but investors must be selective
- Brenton Saunders: Traditional energy sectors look like winners in a Trump world
- ASX mid caps: Global uncertainty calls for a balanced approach to investing
- ASX mid caps: Opportunities amid the noise
- ASX mid caps: Keep the faith in dominant trends says Pendal’s Brenton Saunders
- Brenton Saunders: What’s driving the ASX this week?
- Brenton Saunders: Three mid-cap themes that ASX investors should consider
- Aussie mid-caps that could benefit from India’s growth story
- Aussie equities: Three mid-cap themes that look promising
- Aussie equities outlook: two questions hold the key
- Mid-caps: Re-energised lithium price could power up ASX producers
- Brenton Saunders: ASX mid-caps offer exposure to fast-growing sectors such as battery metals
- Aussie equities: What we can expect from earnings in the second half
- Brenton Saunders: what to watch in ASX earnings season
- How long will the ASX keep going? Here are the factors to watch
- Brenton Saunders: What you should really be watching as markets rally
- What does Xi Jinping’s consolidation of power mean for investors?
- Turning point for shares: what to watch
- ASX earnings season: the big talking points
- Why mid-caps look good right now
- Conservative, pragmatic and style-agnostic: how to think about equities right now
- Markets are underestimating structural change in commodities
- How APRA’s performance test fails sustainable investors
- Good times for stock-pickers as rate-hike cycle arrives
- What’s ahead for the big miners
- FAST PODCAST: How to choose the right mid-cap Aussie stocks
Brenton Saunders
Portfolio Manager
Australian Equities
About George
George’s investment management career spans over 30 years with Pendal and its predecessor firms. He is responsible for management of credit, fixed interest and short term income portfolios, including Pendal’s highly regarded Sustainable Australian Fixed Interest Fund, Short Term Income Securities Fund and Credit Impact Trust.
George holds a wealth of experience in portfolio management and credit analysis. He has also worked across numerous fixed income, credit and money market portfolios in portfolio management, credit analysis and dealing roles for 27 years. Prior to this George worked in an accounting role for three years.
In 2019 George was awarded the Alpha Manager status by Money Management’s parent, FE fundinfo, in recognition of his career-long performance in the asset management industry. George was one out of 11 Australia-based investment professionals included in this list of esteemed professionals across multiple asset classes, after being assessed on his ability to create risk-adjusted alpha (outperformance) over his entire track record.
George obtained a Master’s degree in Business (Finance), a Bachelor’s degree in Business (Accounting & Finance) and a Graduate Diploma in Applied Finance and Investment.
Income & Fixed Interest Team
- Oliver Ge
- Steve Campbell
Tim Hext- Amy Xie Patrick
- Murray Ackman
-
Anna Hong
- Lachlan Fursman, CFA
- Terry Yuan
Funds managed by George
Recent articles by George
- Pendal profile: Meet our head of credit and sustainable strategies George Bishay
- Debunking a myth about fossil fuels and sustainable fixed interest
- Fixed income: the likely impact of rates, inflation and a Trump presidency
- FAST PODCAST: Green and social bonds propelled by secondary market tailwind
- Investing Responsibly: A case study on assessing credit risk
George Bishay
Head of Credit & Sustainable Strategies - Portfolio Manager, Regnan Credit Impact Trust
Income & Fixed Interest
About Cho-Yu
Cho-Yu brings over 21 years’ funds management experience to the JOHCM Asia ex Japan Small and Mid-Cap strategies.
She has previously worked with Silver Metis Capital Management, UBS, DBS Asset Management and Lloyd George Management, where she managed several institutional accounts that reached peak values of over $1bn.
Cho-Yu is a CFA Charterholder and obtained a Bachelor of Science (Economics) with first class honours from the London School of Economics.
Asian Equities Team
Samir Mehta
Cho-Yu Kooi
Senior Fund Manager, JOHCM
Asian Equities
About Graeme
Graeme is an analyst with over 17 years’ experience covering the Banking, Insurance and Diversified Financials sectors. He has previously worked as an equity analyst at Ausbil Dexia, ABN AMRO and Wilson HTM, spending a further 2 years as an actuarial analyst at Trowbridge Consulting. Graeme is a CFA Charterholder and holds bachelor’s degrees in Commerce and Law from the University of Sydney.
Australian Equities Team
- Crispin Murray
- Anthony Moran
- Damien Diamant
- Brenton Saunders
- Jim Taylor
- Julia Forrest
- Julia Maksymow
- Lee Ma
- Lewis Edgley
- Patrick Teodorowski
- Oliver Renton
- Pete Davidson
- Rajinder Singh
- Sondal Bensan
- Elise McKay
- Rachel Folder
- Jack Gabb
Graeme Petroni
Investment Analyst
Australian Equities