Philip Lowe, the former Governor of the Reserve Bank of Australia, has been appointed chair of Geoff Wilson’s philanthropic investment manager, Future Generation Australia. 

Lowe's tenure at the Reserve Bank was marked by a series of 12 interest rate increases in 13 policy meetings; decisions that positioned him as a controversial figure in the eyes of the public. 

Despite the scrutiny, Lowe remains unapologetic about his term at the RBA, saying he stands by his decisions even though “the rise in interest rates was very difficult... and it really affected a lot of people”.

Future Generation Australia donates approximately $10 million annually to charities for every $1 billion managed, a model that Lowe says had great appeal. 

The funds primarily support children's charities, including Giant Steps, RAISE Foundation, Youth Off The Streets, and the Australian Children’s Music Foundation. 

The philanthropic approach allows investment managers to contribute by waiving their fees, maximising the support extended to the beneficiary organisations.

Lowe says the career move was influenced by his public service background and recent experiences, as well as a commitment to using his expertise for societal benefit. 

Lowe's appointment is set to officially commence at Future Generation's annual meeting in May, succeeding former NSW premier Mike Baird.