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Tim is a founder of Pacific Equity Partners and is a member of the firm’s Operating Committee. Prior to founding PEP, Tim was the Chairman and Managing Director of Bain & Company’s Australasian and African operations and a member of Bain & Company’s Global Executive Committee. Tim has also served on a number of government committees and led national strategy projects. Tim received a BA/MA from Oxford University where he was a Mitsui European Scholar and an MPA from Harvard where he was a Kennedy Scholar. In 2019, Tim was made a member in the general division of the Order of Australia (AM) for significant service to the community through philanthropic initiatives.
Peter Costello was elected to seven terms as a Member of the Australian House of Representatives and was Treasurer of the Commonwealth of Australia from March 1996 to December 2007, the longest term of any Treasurer in Australian history.
Mr Costello delivered twelve federal budgets including ten surpluses. During this period Australia’s Sovereign Credit Rating was updated twice to its current AAA rating.
He set up Australia’s system of financial regulation establishing the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC) and established the Takeovers Panel.
In 2006, after Government debt was eliminated in net terms, Mr Costello established the Australian Future Fund. From its original deposit, the Future Fund has grown to over $260 billion invested in diverse asset classes.
Mr Costello served as Chairman of the Future Fund for 10 years.
Mr Costello has served on the IMF Committee, and as Chairman of the Global Group of 20 Finance Ministers & Central Bankers (G-20).
After leaving politics in 2009, Mr Costello joined a number of international and domestic boards and was chair of the Independent Advisory Board to the World Bank.
Mr Costello was Chairman of the Nine Entertainment Corporation the largest Australian owned media company with television, radio, publishing and streaming operations for 8 years.