Future Generation Australia taps ex-RBA governor Philip Lowe as chairman (updated)

Future Generation Australia

11/03/2024 23:51

(Adds details and background from paragraph 2 onwards)
       March 12 (Reuters) - Future Generation Australia
 FGX.AX  said on Tuesday former central bank governor Philip
Lowe would join the Australian investment firm as its new
chairman of the board, replacing Mike Baird.
    Lowe, who was the governor of the Reserve Bank of Australia
(RBA) during 2016-2023, will join the board as an independent
director, effective immediately, and become its chair in May
this year after the company's annual general meeting.
        Baird, a politician-turned-investment banker is the
former premier of New South Wales and would remain on board as
an independent director.
    "Phil had a front-row seat for the Hawke-Keating reforms,
the global financial crisis and the economic policy response to
COVID-19 - he's seen it all," said Caroline Gurney, CEO, Future
Generation. 
    This level of experience would be invaluable for
shareholders and fund managers, she said.
    

 (Reporting by Ayushman Ojha in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Ayushman.Ojha@thomsonreuters.com))