DEXUS Wholesale Property Fund (“DWPF”) today announced the appointment of Michael Sheffield as Fund Manager.
Executive General Manager, Funds Management, Graham Pearson said: “Michael’s appointment follows an extensive independent search. We have a depth of experience within our Funds Management team that has enabled us to appoint internally.”
Michael has over 23 years in the funds management and real estate industry and has deep experience in both listed and unlisted property funds management. Michael is currently the Fund Manager of DEXUS Property Group’s diversified Australian mandate and has previously held senior roles at Colonial, Investa, Commonwealth Bank and Lend Lease.
In his new role, Michael will take responsibility for managing DWPF’s $7.1 billion portfolio and its 68 wholesale investors. He will lead DWPF through its next phase of growth and be responsible for implementing the Fund’s investment strategy.
Acting DWPF Fund Manager, Jonathan Davies, has been promoted to a Fund Manager role within the Funds Management team.
Michael and Jonathan will transition to their new roles on 1 October 2016.