Our People
Tim Hext
Head of Government Bond StrategiesAbout 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
Recent articles by Tim
- 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
- 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 Crispin
Crispin is Head of Equities at Pendal Group an ASX listed fund manager with A$90b funds under management (FUM). He joined the funds management business of BT Financial Group, now Pendal Group, in 1994, initially responsible for European equities and served as Head of European Equities from April 1998, He was subsequently appointed to his current role in January 2003 overseeing Pendal’s Australian equities business, currently managing A$15b of FUM, making it the largest fundamental equity team in the market.
He is responsible for managing a number of our flagship Australian equity funds, which under his watch have outperformed the market over multiple periods since his appointment in 2003.
Prior to Pendal, Crispin worked for Equitable Life in London.
Crispin is a Director of the Anika Foundation and served as a Director of Football Federation of Australia from 2015-19.
He holds an Honours degree in Economics & Human Geography from Reading University.
Australian Equities Team
Funds managed by Crispin
Recent articles by Crispin
- ASX outlook: What’s driving Aussie equities this week
- Crispin Murray: What’s driving markets this week?
- Crispin Murray: What’s driving markets this week
- ASX earnings season: Opportunities to be found in industrials
- Crispin Murray: What’s driving the ASX this week
- What’s driving ASX stocks this week?
- Crispin Murray: What’s driving the market this week?
- Crispin Murray: Five key questions for 2024 (and how we’re going so far)
- Crispin Murray: What’s driving ASX stocks this week
- Pendal’s Crispin Murray reviews the lessons from 2023 and outlook for 2024
- Aussie equities: Why it’s smart to take the long-term view on M&A deals
- Crispin Murray: What’s driving ASX stocks this week?
- What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Aussie equities: Why you should be scrutinising capital-intensive stocks
- Aussie equities: where to hunt for category winners in this economy
- What’s driving Aussie equities this week
- Crispin Murray: Two factors underpinning ASX company earnings
- Crispin Murray: What’s driving Aussie equities this week
- Three things stood out among the best industrials this ASX earnings season
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: Pollution law shows investors need to keep a close eye on government
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: Four government intervention areas investors must watch
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: Four issues driving the economic outlook for Aussie equities
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving Aussie equities this week
- Crispin Murray: What’s driving the ASX this week
- Crispin Murray: What’s driving the ASX this week
- Crispin Murray: What’s driving the ASX this week
- Crispin Murray: What’s driving the ASX this week
- Crispin Murray: Why bringing together Pendal and Perpetual makes sense
- What’s driving the ASX this week
- Crispin Murray: What’s driving the ASX this week
- Crispin Murray: What’s driving the ASX this week
- Crispin Murray’s weekly ASX outlook
- What’s driving Aussie equities this week
- Weekly Aussie equities outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Weekly Australian equities outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray: Australia is a good place for investors right now
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray’s weekly ASX outlook
- Crispin Murray: ‘Why should Australian shareholders pay for BHP’s proposal to collapse its DLC structure?’
- Crispin Murray: What’s driving ASX stocks this week
- Crispin Murray: What’s driving ASX stocks this week
- Crispin Murray: What’s driving ASX stocks this week
- Crispin Murray: How Omicron will impact Aussie equity investors
- Crispin Murray: What’s driving ASX stocks this week
- FAST PODCAST: How to approach Aussie equities in 2022 with Crispin Murray
- Crispin Murray: the outlook for Australian equities
- Crispin Murray: how to judge who’s best placed for the recovery
- Crispin Murray on COVID-19: what we know and what’s next
- Enduring excellence in Australian equities
- Economic & share market outlook
Crispin Murray
Head of EquitiesAbout Daniel
Daniel Campbell was appointed to his current role of Investment Director in April 2018. His responsibilities include investment oversight of all our Investment strategies and processes, Product Strategy and Development and our team of Investment Specialists. He works closely with the investment teams in the development and execution of their business, product and distribution strategies. In addition, he has P&L and people responsibility for the Income & Fixed Interest team.
Daniel joined the business in late 2010 and has been a member of the Pendal Executive Committee since 2013.
Prior to joining the company, Daniel spent ten years at Perpetual Investments, where he held various roles including Senior Investment Analyst and General Manager, Analytics & Research.
Other Senior Management
Daniel Campbell
Investment DirectorAbout Anthony
CFA, GAICD
Anthony joined Pendal Group as Distribution Director in October 2018 and is a member of the Australian Executive team. Anthony is responsible for leading the Distribution, Marketing and Client Service functions, drawing upon his extensive experience in retail and institutional funds management.
Anthony joined Pendal following his tenure of fifteen years in senior leadership roles at Morningstar. Most recently Anthony was Managing Director, Research Strategy Australasia where he was responsible for the development of research and commentary on investment themes and trends within the Asia-Pacific region, in addition to representing Morningstar’s manager, equity and credit research capabilities. Anthony’s remit also extended to the development of retirement research, public policy initiatives, and engagement with regulatory authorities. Prior to this role, Anthony was also CEO, Australia and New Zealand from 2010-2014 and Managing Director of Morningstar Investment Management from 2009-2010. Anthony’s prior experience includes senior appointments ASSIRT Research and AMP Consulting.
Anthony is a director and immediate past president of the CFA Society of Sydney and a member of the National Advocacy Council. He is a Graduate Member of the Australian Institute of Company Directors, a CFA charterholder, holds a graduate diploma in Applied Finance and Investments from FINSIA, and a bachelor’s degree in Business from the University of Technology, Sydney.
Other Senior Management
Anthony Serhan
Distribution DirectorAbout Jeremy
Jeremy leads the Responsible Investment Distribution strategy across Institutional, Wholesale and For-Purpose clients.
He works closely with the Investment boutiques and Regnan Advisory to deliver client solution that seek meet both investment outcomes and sustainable goals.
Prior to joining the company, Jeremy held senior product and distribution roles at the Westpac-owned BT Financial Group (Listed Equity Products), Westpac Institutional Bank (Equity Derivatives and Debt Markets) and Citi (Global Markets and Banking).
Jeremy holds a Bachelor of Business (Charles Sturt) and a Masters of Applied Finance (Macquarie University). Jeremy is a CIMA® professional.