Dexus (ASX: DXS) has appointed Jon Gidney to the Board of Dexus Funds Management Limited (DXFM) as a non-executive director. The appointment took effect on 17 December 2025. The Company announced this DXS board update through its official communication to the market.
Figure 1: Jon Gidney, appointed Non-Executive Director of Dexus Funds Management Limited.
Mr Gidney brings more than 30 years of experience in investment banking to the role. His expertise spans strategy development, mergers and acquisitions, and capital market transactions. The DXS new director appointment strengthens the Board’s financial and governance capabilities during a critical period for the real estate sector.
Jon Gidney Brings Extensive Investment Banking Credentials to Dexus
Mr Gidney has worked with leading global investment banks, including J.P. Morgan, Greenhill & Co. and Citi. During his career, he was involved in strategy development and significant transactions for global real estate fund managers. Dexus non-executive director experience includes working with ASX-listed REITs, managed investment schemes and private investors.
The Dexus non-executive director brings deep knowledge of global capital markets. His background covers a wide breadth of mergers and acquisitions, equity and debt capital markets, and strategic activities. This expertise proves particularly relevant as Dexus navigates market recovery and pursues strategic initiatives.
Industry Outlook: Real Estate Boards Seek Capital Markets Expertise
The Australian real estate sector is experiencing an inflection point following interest rate stabilisation. Property valuations turned positive in the second half of FY25, marking the initial phase of a new cycle. Dexus manages a high-quality Australasian real estate and infrastructure portfolio valued at AUD 50.1 billion.
The Dexus Platform includes a AUD 14.5 billion listed portfolio and a AUD 35.6 billion funds management business. The Company’s AUD 13.3 billion real estate development pipeline provides an opportunity to grow both the listed and the funds’ portfolios. This scale demands sophisticated capital markets expertise at the Board level.
What Does The DXS New Director Appointment Mean For Investors?
Warwick Negus, Chair of the DXFM Board, welcomed the appointment. He described Mr Gidney as a highly skilled director who will bring extensive investment banking and real estate experience to the Board. The DXS new director appointment timing aligns with Dexus’s strategic priorities across multiple fronts.
Figure 3: Warwick Negus, Chair of the Board of Dexus Funds Management Limited.
Mr Gidney will join the Board Nomination & Governance Committee, Board Audit Committee and the Board People & Remuneration Committee. He will stand for election at Dexus’s next Annual General Meeting, scheduled for 28 October 2026. This committee membership positions him to influence key strategic and governance decisions.
Jon Gidney’s Current Roles and Professional Standing
Mr Gidney currently serves as a Member of the Australian Takeovers Panel. He holds the position of Non-Executive Chair of FNZ (APAC) Group of Companies. Additionally, he serves as a Non-Executive Director of Cettire Limited.
Mr Gidney also serves as a Director of Australian Financial Services Licensee, El Calamar Capital Pty Ltd. This portfolio of roles demonstrates his capability across different organisational structures and sectors. His experience with listed entities and regulatory bodies brings additional value to the DXS Board.
Independence Status and AGM Election Process
Due to Mr Gidney’s previous role at Citi, which acted as a financial adviser to Dexus until September 2023, he is not presently classified as an independent director. However, his employment with Citi will have ceased more than three years prior to the 2026 AGM.
The Company has indicated that his independence status will be reviewed ahead of his proposed election at the next Annual General Meeting. This approach aligns with corporate governance best practices regarding director independence. The three-year cooling-off period addresses potential conflicts arising from previous advisory relationships.
Dexus Share Price Performance
Dexus shares currently trade at AUD 6.995 per share on the Australian Securities Exchange. The Company’s market capitalisation stands at AUD 7.46 billion. Over the past 52 weeks, Dexus shares have traded in a range of AUD 6.500 to AUD 7.885 per share.
The DXS new director appointment demonstrates the Board’s commitment to enhancing governance and strategic capabilities. With Mr Gidney’s extensive investment banking and real estate experience, Dexus strengthens its leadership team during a pivotal period for the Australian real estate sector. The appointment supports the Company’s strategic priorities of transitioning the balance sheet, maximising funds contribution and unlocking deep sector expertise.
FAQ
Q1: When did Jon Gidney join the Dexus board?
Jon Gidney was appointed to the Board of Dexus Funds Management Limited as a non-executive director effective 17 December 2025.
Q2: What experience does Jon Gidney bring to Dexus?
Mr Gidney brings more than 30 years of experience in investment banking, with a strong financial background and understanding of global capital markets. During his career, Mr Gidney has held senior roles at global investment banks including J.P. Morgan, Greenhill & Co. and Citi, advising on strategic initiatives and major transactions involving global real estate fund managers and ASX-listed REITs.
Q3: Which board committees will Jon Gidney join?
As part of his appointment, Mr Gidney is expected to serve on the Board Nomination & Governance Committee, the Board Audit Committee and the Board People & Remuneration Committee.
Q4: When will Jon Gidney stand for election?
Mr Gidney will stand for election at Dexus’s next Annual General Meeting, to be held on 28 October 2026.
