Board of Directors

A strong leadership approach underpinned by best practice corporate governance


The Dexus Real Estate Securities Board brings extensive expertise across a variety of investments, anchored by a belief in the implementation of a strong governance platform, to ensure the long-term success of the portfolio.

Our board members have significant experience in listed and unlisted real estate and property funds, with expertise spanning investor relations, mergers and acquisitions, asset management, funds management, capital raising, property investment, risk management and compliance.

This diverse and comprehensive board experience is underscored by rigorous corporate governance practices and a highly disciplined investment approach that guides our decision-making process and prioritises the rights and interests of our investors.

Jennifer Horrigan

Independent Chair

BBus, GradDipMgt, GradDipAppFin, MAICD

About Jennifer

  • Chair since 2022
  • Director since 2012
  • Member of the Audit, Risk & Compliance Committee and member of the Nomination & Remuneration Committee

Jennifer brings 25 years’ experience across investment banking, financial communications and investor relations. She was formerly the Chief Operating Officer in Australia of the independent investment bank Greenhill & Co, and has extensive experience in enterprise management, including the supervision and management of compliance, HR and financial management.

Jennifer is also a director of QV Equities (ASX: QVE), A2B Limited (ASX:A2B), Yarra Funds Management Limited, Nikko Asset Management Australia and Redkite, a national cancer charity supporting children with cancer and their families.

Michael Johnstone

Independent Director

BTRP, LS, AMP (Harvard)

About Michael

  • Director since 2009
  • Chairman of the Nomination & Remuneration Committee and member of the Audit, Risk & Compliance Committee

Michael has 45 years of global experience in chief executive, general management and company directorship roles. He has extensive expertise in mergers and acquisitions, capital raising, property investment and funds management. 

His two primary corporate executive engagements have been with Jennings Industries Ltd and the National Australia Banking Group. At Jennings, he was the General Manager of AVJennings Homes, General Manager of Commercial Property, CEO of Jennings Properties Limited (Centro Properties Limited) and President of Jennings USA. At NAB, Michael was the Global Manager of Real Estate, responsible for commercial property lending and corporate property investment. 

He is also a non-executive director of Charter Hall Social Infrastructure REIT, a non-executive director of Dennis Family Holdings and Chairman of Dennis Family Homes. 
In the not-for-profit sector, he has chaired the Cairnmillar Institute and been a board member of the Salvation Army and Yarra Community Housing.

Howard Brenchley

Independent Director

BEc

About Howard

  • Director since 1998
  • Independent Director since March 2018

Howard has over 35 years of experience analysing and investing in the Australian property investment industry.

Howard joined Dexus Real Estate Securities (formerly APN Real Estate Securities) in 1998 and was responsible for establishing the funds management business. He developed a suite of new property securities and direct property funds, including the flagship Dexus AREIT Fund and the Dexus Property for Income Fund, both Australian market-leading property securities funds.

Howard was previously the co-founder and research director of Property Investment Research Pty Limited, one of Australia’s leading independent research companies, specialising in the property fund sector. He is also a director of National Storage Holdings Limited and National Storage Financial Services Limited, both listed as National Storage REIT (ASX Code: NSR).

Deborah Coakley

Executive Director

BBus, GAICD

About Deborah

  • Director since 2022

Deborah Coakley is Executive General Manager, Funds Management where she has responsibility for managing Dexus’s $25 billion funds management business, comprising a number of wholesale pooled funds, capital partnerships and listed REITs.

She has more than 25 years’ experience in management roles in consulting, human resources and outsourcing from organisations such as Deloitte, Qantas and Alexander Mann Solutions.

Deborah is a Director of the Property Council of Australia and President of their Capital Markets Division, an Ambassador for the Sydney Children’s Hospital Foundation and a non-Executive Director of the Children’s Cancer Institute. She holds a Bachelor of Business from University of Technology Sydney (BBus) and is a graduate of the Australian Institute of Company Directors (GAICD).

Emily Smith

Independent Director

BCom, GAICD

About Emily

  • Director since 2022
  • Chair of the Audit, Risk & Compliance Committee

Emily has over 20 years’ experience in the finance sector having worked in senior executive roles at Deutsche Bank AG and Credit Suisse.  During her career, she has had significant exposure to key sectors including building materials, steel, diversified industrials, REITs and telecommunications, both domestically and globally.

Emily is a Council Member of the Kambala Girls School and a member of their Finance and Audit Committee, Investment Committee and Nominations Committee.  She is also a member of Chief Executive Women.

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