(Adds details and background from paragraph 2 onwards)
March 12 (Reuters) - Future Generation Australia (FGX) 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.
News: FGX UPDATE 1-Future Generation Australia taps ex-RBA governor Philip Lowe as chairman
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