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The former RBA governor has joined the investment firm’s board as an independent director today and will take over former NSW premier Mike Baird’s role as chair after the annual general meeting in May, the company said.
Baird will stay on as an independent director.
Future Generation Australia is an investment company that provides investors with exposure to equities in non-for-profit organisations focused on children and youth at risk.
It is Lowe’s first role since he finished his term at the Reserve Bank in September following the government’s decision not to extend his term after six years as governor.
Lowe faced some criticism for the 12 interest rates he presided over from May 2022 – not long after suggesting the cash rate wouldn’t rise until 2024 – at a time Australians were struggling with the cost of living crisis.
A review into the RBA last year led the way for a historic overhaul which saw annual rate meets drop from 11 to eight and a press conference following each rate meeting.
