Lowy, Frank P. (Sir) - from Slovakia | Australia
Country of meeting: in the year 2014
Businessman of Jewish Slovakian-Hungarian origins and the former long-time Chairman of Westfield Corporation, a global shopping centre company with US$29.3 billion of assets under management in the United States, United Kingdom and Europe. In June 2018 Westfield Corporation was acquired by French company Unibail-Rodamco. He is a former Chairman of Scentre Group, the owner and manager of Westfield-branded shopping centres in Australia and New Zealand.
Lowy was appointed a Director of the Reserve Bank of Australia in 1995, and was reappointed in 2000 and 2003, concluding his term in 2005. In 2008 Lowy and related interests were mentioned in documents stolen from the LGT Bank of Liechtenstein by a former employee. A subsequent US Senate probe and an Australian Taxation Office audit in which Lowy and his sons, David and Steven, were investigated on their involvement with financial institutions in tax havens located in Liechtenstein and Switzerland. Lowy maintained he had not done anything wrong and the matter was settled with the ATO and no action was taken after that.
Activities in the Orangization:
International Advisory Council, Member