Our People

Crispin Murray
Head of EquitiesAbout Crispin
Crispin is Head of Equities at Pendal, a fund manager within the broader Perpetual Group.
He joined the funds management business of BT Financial Group, now Pendal, in 1994, initially responsible for European equities and served as Head of European Equities from April 1998.
Crispin was subsequently appointed to his current role in January 2003 overseeing Pendal’s Australian equities business, one of the largest fundamental equity boutiques in the market based on team size and funds managed.
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
Recent articles by Crispin
- What’s driving ASX stocks this week?
- Crispin Murray: What’s driving the ASX this week?
- Anthony Moran: What’s driving Aussie equities this week?
- Crispin Murray: What’s driving the ASX this week?
- Crispin Murray: Where to find ASX opportunities amid ‘theme-driven’ market noise
- Crispin Murray: What’s driving the ASX this week?
- What’s driving ASX stocks this week?
- When ‘liberation day’ became ‘liquidation day’: Crispin Murray on how to invest in a Trump world
- Aussie equities: Where to look for opportunity in volatile markets
- Crispin Murray: What’s driving the ASX this week?
- Crispin Murray: Uncertainty creates mis-pricing and opportunity for active investors
- Jack Gabb: 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?
- Anthony Moran: 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?
- What’s driving Aussie equities this week
- Crispin Murray: What’s driving the ASX this week?
- Crispin Murray: What’s driving the market this week?
- What’s driving ASX stocks this week?
- Crispin Murray: What’s driving the market this week?
- Jack Gabb: What’s driving Aussie equities this week?
- Sondal Bensan: What’s driving the ASX this week?
- Crispin Murray: What we learned from ASX earnings season
- Crispin Murray: What’s driving the market this week?
- Crispin Murray: What’s driving the ASX this week?
- Crispin Murray: What’s driving the market this week?
- Anthony Moran: what’s driving Aussie equities this week?
- Crispin Murray: What’s driving the market this week?
- Crispin Murray: What’s driving the market this week?
- Anthony Moran: 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
- 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
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
Recent articles by Chris

Chris Adams
Head Investment Specialist, Pendal EquitiesAbout 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

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
Recent articles by Anthony

Anthony Moran
Investment Analyst and Portfolio ManagerAbout 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

Damien Diamant
Investment AnalystAbout 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
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 ManagerAbout 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
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 TrustAbout 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

Cho-Yu Kooi
Senior Fund Manager, JOHCMAbout 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
