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Steven Mark LowyAM (born 24 November 1962) is the former co-Chief Executive Officer of Westfield Corporation, a leading global shopping centre company that was acquired by French company Unibail-Rodamco in 2018 in what was one of the largest transactions in Australian corporate history. His principal activities now focus on investments associated with the Lowy family’s private company, Lowy Family Group, as well as a number of philanthropic and community roles including as Chairman of the World Board of Trustees of Keren Heysod-United Israel Appeal and President of the Hakoah Club.

Steven M Lowy
Steven Lowy at the Art Gallery of NSW
Born (1962-11-24)24 November 1962 (age 59)
Sydney, Australia
NationalityAustralian
OccupationChairman of the World Board of Trustees of Keren Heysod-United Israel Appeal
Board member of
Spouse(s)Judy Levin
ChildrenFour
Parents

During his career Lowy has served on numerous corporate and philanthropic boards including Westfield Corporation, Australian shopping centre company Scentre Group, as Chairman of Football Federation Australia and President of the board of Trustees of the Art Gallery of New South Wales. He is a former Chairman of the Victor Chang Cardiac Research Institute and is currently a director of foreign policy think tank, the Lowy Institute, as well as the Lowy Foundation and Lowy Medical Research Institute.

Lowy is the third and youngest son of Frank Lowy, a co-founder of Westfield. The Lowy family is one of the most prominent business families in Australia with a reported net worth in excess of $8 billion in 2016. In late 2014, Steven Lowy’s life was documented in a feature article in The AFR Magazine, "The Son Rises: Steven Lowy ascends at Westfield". In 2010 Lowy was appointed a Member of the Order of Australia for service to business, philanthropy, the arts and medical research.

Contents

Lowy was born to a Modern Orthodox Jewish family, in Sydney, the youngest son of Shirley and Frank Lowy, and educated at Sydney Grammar School and the University of New South Wales where he graduated as a Bachelor of Commerce (Honours). He was awarded the University Prize for his honours thesis and later co-authored a paper with Professor Mark Hirst published in the academic journal Accounting, Organizations and Society.

He joined Westfield Holdings in 1987, was appointed a Director of Westfield Holdings in 1989 and a Managing Director in 1997.[citation needed] He has also been a Director of Westfield Management Limited, the manager of Australia’s then leading retail property trust, Westfield Trust since 1988.[citation needed] Prior to joining Westfield Holdings in 1987 he worked in investment banking at First Boston Corporation in the US for two years.

Westfield was listed on the Sydney Stock Exchange in 1960 by Lowy’s father, Frank and his partner John Saunders. The pair were newly arrived immigrants to Australia and had opened a small delicatessen shop in the western suburbs of Sydney. Their venture was a success and their ambition led to the expansion of their business to include the development of residential housing and larger shopping centres.

The first Westfield centre was built in Blacktown in Sydney’s western suburbs in 1959. This was shortly followed by a new centre in Hornsby in Sydney’s north in 1961. The company flourished and expanded to other Australian cities and then the United States in the mid-1970s and to New Zealand in 1997 and the United Kingdom in 2000. At this point, Westfield had 86 centres in its global portfolio, with some 13,200 retailers and $24.1 billion in assets.

In 2004, the various Westfield entities were merged to create Westfield Group to provide the scale and financial heft required to continue international expansion. This led to the creation of two landmark shopping centres in London (Westfield London at Shepherd’s Bush in 2008) and Westfield Stratford City (on the site of the 2012 London Olympics) in 2011.[citation needed]

In 2014 Westfield Group underwent another major corporate restructure in which its Australian and New Zealand operations merged with Westfield Retail Trust to create a new company, Scentre Group. At the same time, another new, separate company, Westfield Corporation, was created to own and manage the former Westfield Group’s shopping centres in the US and UK.

More recently, Westfield Corporation opened Westfield World Trade Center in New York on 16 August 2016. They have also advanced plans to build its first shopping centre in Europe, in Milan Italy.

A feature of the company during this period was a marked shift towards high quality "iconic" or flagship malls showcasing the world’s best retailers and luxury brands.[citation needed] Five-star service and upscale restaurants and entertainment were a critical element in this shift, as was its adoption of a more aggressive "innovation" strategy to use digital technology "to better connect the retailer with the shopper". Since the establishment of Westfield Labs based in San Francisco in 2012, several digital initiatives were piloted and implemented in several Westfield shopping centres around the world. Westfield Labs has been recognised by Fast Company magazine as one of the 50 most innovative companies in the world, and as one of the Top 10 retail companies for "giving the mall a high-tech makeover". Following the sale of Westfield Corporation to Unibail Rodamco in 2018 Westfield’s former retail digital business was transferred to a new and separate entity OneMarket which was chaired by Steven Lowy AM. OneMarket was wound up in December 2019.

Lowy is currently chairman of the World Board of Trustees of Keren Heysod-United Israel Appeal and president of Hakoah Club Sydney. He is a former president of the board of trustees of the Art Gallery of New South Wales (2006 – 2013), chairman of the Victor Chang Cardiac Research Institute (2008-2013), and is a director of the Lowy Institute, a Sydney-based foreign policy think tank, and the Lowy Medical Research Institute, a private medical organisation.

Steven was a member of the Prime Minister’s Business-Government Advisory Group on National Security and has been the presiding officer of the NSW Police Force associate degree in Policing Practice Board of Management.

Together with his father, Frank, and two brothers, David and Peter, he plays a key role in decisions about the Lowy family’s philanthropic activities. In recent years, the family has supported the establishment of the Lowy Cancer Centre at the University of NSW, a new building (the Lowy Packer Building) to house the Victor Chang Cardiac Research Institute and the St Vincent's Centre for Applied Medical Research. The building was opened by Princess Mary of Denmark on 3 September 2008. In 2013 Frank Lowy revealed to a Philanthropy Australia audience that his family had donated more than $350 million to various causes during the previous decade.

Lowy is a passionate soccer fan and played the game competitively throughout his youth.[citation needed] He continued to compete in masters tournaments until injury ended his playing career in his early ‘50s.[citation needed] On 17 November 2015 he was elected as a director of Football Federation Australia (FFA) by nine state football federations and a representative of the 10 Hyundai A-League clubs which form Australia's national football competition. He was then elected Chairman by his fellow directors. under his leadership. FFA achieved its highest income and sponsorship on record and the Socceroos qualified for their fourth consecutive World Cup (one of only 12 teams to do so) and together with Prime Minister Malcolm Turnbull, launched Australia's bid to host the 2023 Women's World Cup. Lowy's tenure as chairman ended in November 2018.

Lowy married Judy Levin in 1986.[citation needed] They have four children.[citation needed]

  1. "How Westfield's Frank Lowy consummated Australia's biggest M&A deal". Financial Review. 15 March 2018. Retrieved17 July 2018.
  2. "Steven Lowy AM | Keren Hayesod - United Israel Appeal". Retrieved9 June 2020.
  3. "Steven Lowy takes over the reins at Hakoah". J-Wire. 13 March 2019. Retrieved9 June 2020.
  4. "Steven M. Lowy's Bio | People". www.lowyinstitute.org. Retrieved9 June 2020.
  5. Stensholt, John, ed. (27 May 2016). "2016 BRW Rich 200". Financial Review. Australia. Retrieved7 June 2016.
  6. "The Son Rises: Steven Lowy ascends at Westfield". The AFR Magazine. Australia. Retrieved13 March 2015.
  7. "Steven Lowy out of father's shadow". Sydney Morning Herald. 26 January 2010.
  8. Hewett, Jennifer (13 November 2010). "Holocaust truth set Frank Lowy free". The Australian.
  9. "2013 Company Annual Report - Moriah College". Australia: Moriah College. 29 May 2014. Retrieved7 June 2016.
  10. "Steven Lowy New President of Art Gallery of New South Wales". Art Gallery of New South Wales. Retrieved13 March 2015.
  11. Hirst, Mark K.; Lowy, Steven M. (1990). "The linear additive and interactive effects of budgetary goal difficulty and feedback on performance". Accounting, Organizations and Society. 15 (5): 425–436. doi:10.1016/0361-3682(90)90026-Q.
  12. "The son rises: the ascendancy of Westfield's Steven Lowy". Australian Financial Review. Australia. Retrieved13 March 2015.
  13. Myer, Rod; Lynch, Michael (24 April 2004). "No longer a family affair". The Age. Retrieved7 June 2016.
  14. "Westfield Fiftieth Anniversary". westfieldcorp.com. Westfield. Retrieved13 March 2015.
  15. "Modern, American, Convenient and New". westfieldcorp.com. Westfield. Retrieved13 March 2015.
  16. "Westfield Holdings Limited Annual Report 2001"(PDF). westfieldcorp.com. Westfield. Retrieved13 March 2015.
  17. "Westfield World Trade Center". westfield.com. Westfield Corporation. Retrieved21 September 2016.
  18. "Westfield Expands Global Platform Into Milan: Media Release"(PDF). westfieldcorp.com. Westfield Corporation. Retrieved13 March 2015.
  19. "Kevin McKenzie on Reinventing the Shopping Mall". Business of Fashion. Business of Fashion. Retrieved13 March 2015.
  20. "Westfield launches Searchable Mall". Inside Retail. Inside Retail. Retrieved13 March 2015.
  21. "Most Innovative Companies 2015: Westfield Labs for giving the mall a high-tech makeover". Fast Company.com. Fast Company. Retrieved13 March 2015.
  22. "Board - OneMarket". OneMarket. Retrieved17 July 2018.
  23. "Steven Lowy to retire as President of Art Gallery of NSW". Art Gallery of NSW. Art Gallery of NSW. Retrieved13 March 2015.
  24. "Steven Lowy to stand down as Chairman". Victor Chang. Victor Chang Cardiac Research Institute. Retrieved13 March 2015.
  25. "Mr Steven M. Lowy AM". Lowy Institute. Lowy Institute for International Policy. Retrieved13 March 2015.
  26. "The Directors of The Lowy Medical Research Institute Limited". The Lowy Medical Research Institute Limited. The Lowy Medical Research Institute. Retrieved13 March 2015.
  27. "Scentre Group Ltd Executive Profile: Steven Mark Lowy AM". Bloomberg. Bloomberg.
  28. z8922934 (13 November 2013). "Australia's most generous". UNSW Newsroom. Retrieved9 June 2020.
  29. "About the Lowy Gift". Lowy Cancer Research Centre. Lowy Cancer Research Centre. Retrieved13 March 2015.
  30. Tovey, Josephine. "Princess Mary opens Victor Chang centre". smh.com.au. Sydney Morning Herald. Retrieved13 March 2015.
  31. "Lowy urges people to get involved in philanthropy". theaustralian.com.au. The Australian. Retrieved13 March 2015.
  32. "Finishing off the 1997 journey". Maccabi Australia. Maccabi Australia. Retrieved13 March 2015.
  33. Gatt, Ray (18 November 2015). "FFA: new chairman Steven Lowy privileged to take soccer's reins".
  34. "Australia among eight remaining bids to host Women's World Cup". The World Game. Retrieved9 June 2020.
  35. "Football: Steven Lowy lashes FFA critics through exit door". Wide World of Sports. 19 November 2018.
Government offices
Preceded by President of the Board of Trustees of the Art Gallery of New South Wales
2007 – 2013
Succeeded by
Guido Belgiorno-Nettis

Steven Lowy Article Talk Language Watch Edit Steven Mark Lowy AM born 24 November 1962 is the former co Chief Executive Officer of Westfield Corporation a leading global shopping centre company that was acquired by French company Unibail Rodamco in 2018 in what was one of the largest transactions in Australian corporate history 1 His principal activities now focus on investments associated with the Lowy family s private company Lowy Family Group as well as a number of philanthropic and community roles including as Chairman of the World Board of Trustees of Keren Heysod United Israel Appeal 2 and President of the Hakoah Club 3 Steven M Lowy AMSteven Lowy at the Art Gallery of NSWBorn 1962 11 24 24 November 1962 age 59 Sydney AustraliaNationalityAustralianOccupationChairman of the World Board of Trustees of Keren Heysod United Israel AppealBoard member ofWestfield CorporationScentre Group 2014 2019 Football Federation Australia Chair 2015 18 Lowy Institute for International PolicyVictor Chang Cardiac Research Institute Past Chair Art Gallery of NSW Past President of Trustees Spouse s Judy LevinChildrenFourParentsFrank Lowy AC father Shirley Lowy OAM mother During his career Lowy has served on numerous corporate and philanthropic boards including Westfield Corporation Australian shopping centre company Scentre Group as Chairman of Football Federation Australia and President of the board of Trustees of the Art Gallery of New South Wales He is a former Chairman of the Victor Chang Cardiac Research Institute and is currently a director of foreign policy think tank the Lowy Institute as well as the Lowy Foundation and Lowy Medical Research Institute 4 Lowy is the third and youngest son of Frank Lowy a co founder of Westfield The Lowy family is one of the most prominent business families in Australia with a reported net worth in excess of 8 billion in 2016 5 In late 2014 Steven Lowy s life was documented in a feature article in The AFR Magazine The Son Rises Steven Lowy ascends at Westfield 6 In 2010 Lowy was appointed a Member of the Order of Australia for service to business philanthropy the arts and medical research 7 Contents 1 Early life and education 2 Westfield 3 Philanthropy and community activity 4 Football 5 Personal life 6 ReferencesEarly life and education EditLowy was born to a Modern Orthodox Jewish family 8 9 in Sydney the youngest son of Shirley and Frank Lowy and educated at Sydney Grammar School and the University of New South Wales where he graduated as a Bachelor of Commerce Honours He was awarded the University Prize for his honours thesis 10 and later co authored a paper with Professor Mark Hirst published in the academic journal Accounting Organizations and Society 11 He joined Westfield Holdings in 1987 was appointed a Director of Westfield Holdings in 1989 and a Managing Director in 1997 citation needed He has also been a Director of Westfield Management Limited the manager of Australia s then leading retail property trust Westfield Trust since 1988 citation needed Prior to joining Westfield Holdings in 1987 he worked in investment banking at First Boston Corporation 12 in the US for two years Westfield EditWestfield was listed on the Sydney Stock Exchange in 1960 by Lowy s father Frank and his partner John Saunders 13 The pair were newly arrived immigrants to Australia and had opened a small delicatessen shop in the western suburbs of Sydney 13 Their venture was a success and their ambition led to the expansion of their business to include the development of residential housing and larger shopping centres 14 The first Westfield centre was built in Blacktown in Sydney s western suburbs in 1959 15 This was shortly followed by a new centre in Hornsby in Sydney s north in 1961 The company flourished and expanded to other Australian cities and then the United States in the mid 1970s and to New Zealand in 1997 and the United Kingdom in 2000 At this point Westfield had 86 centres in its global portfolio with some 13 200 retailers and 24 1 billion in assets 16 In 2004 the various Westfield entities were merged to create Westfield Group to provide the scale and financial heft required to continue international expansion 13 This led to the creation of two landmark shopping centres in London Westfield London at Shepherd s Bush in 2008 and Westfield Stratford City on the site of the 2012 London Olympics in 2011 citation needed In 2014 Westfield Group underwent another major corporate restructure in which its Australian and New Zealand operations merged with Westfield Retail Trust to create a new company Scentre Group At the same time another new separate company Westfield Corporation was created to own and manage the former Westfield Group s shopping centres in the US and UK More recently Westfield Corporation opened Westfield World Trade Center 17 in New York on 16 August 2016 They have also advanced plans to build its first shopping centre in Europe in Milan Italy 18 A feature of the company during this period was a marked shift towards high quality iconic or flagship malls showcasing the world s best retailers and luxury brands citation needed Five star service and upscale restaurants and entertainment were a critical element in this shift as was its adoption of a more aggressive innovation strategy to use digital technology to better connect the retailer with the shopper 19 20 Since the establishment of Westfield Labs based in San Francisco in 2012 several digital initiatives were piloted and implemented in several Westfield shopping centres around the world Westfield Labs has been recognised by Fast Company magazine as one of the 50 most innovative companies in the world and as one of the Top 10 retail companies for giving the mall a high tech makeover 21 Following the sale of Westfield Corporation to Unibail Rodamco in 2018 Westfield s former retail digital business was transferred to a new and separate entity OneMarket which was chaired by Steven Lowy AM 22 OneMarket was wound up in December 2019 Philanthropy and community activity EditLowy is currently chairman of the World Board of Trustees of Keren Heysod United Israel Appeal and president of Hakoah Club Sydney He is a former president of the board of trustees of the Art Gallery of New South Wales 2006 2013 23 chairman of the Victor Chang Cardiac Research Institute 2008 2013 24 and is a director of the Lowy Institute 25 a Sydney based foreign policy think tank and the Lowy Medical Research Institute a private medical organisation 26 Steven was a member of the Prime Minister s Business Government Advisory Group on National Security and has been the presiding officer of the NSW Police Force associate degree in Policing Practice Board of Management 27 Together with his father Frank and two brothers David and Peter he plays a key role in decisions about the Lowy family s philanthropic activities 28 In recent years the family has supported the establishment of the Lowy Cancer Centre at the University of NSW 29 a new building the Lowy Packer Building to house the Victor Chang Cardiac Research Institute and the St Vincent s Centre for Applied Medical Research The building was opened by Princess Mary of Denmark on 3 September 2008 30 In 2013 Frank Lowy revealed to a Philanthropy Australia audience that his family had donated more than 350 million to various causes during the previous decade 31 Football EditLowy is a passionate soccer fan and played the game competitively throughout his youth citation needed He continued to compete in masters tournaments 32 until injury ended his playing career in his early 50s citation needed On 17 November 2015 he was elected as a director of Football Federation Australia FFA by nine state football federations and a representative of the 10 Hyundai A League clubs which form Australia s national football competition He was then elected Chairman by his fellow directors 33 under his leadership FFA achieved its highest income and sponsorship on record and the Socceroos qualified for their fourth consecutive World Cup one of only 12 teams to do so and together with Prime Minister Malcolm Turnbull launched Australia s bid to host the 2023 Women s World Cup 34 Lowy s tenure as chairman ended in November 2018 35 Personal life EditLowy married Judy Levin in 1986 citation needed They have four children citation needed References Edit How Westfield s Frank Lowy consummated Australia s biggest M amp A deal Financial Review 15 March 2018 Retrieved 17 July 2018 Steven Lowy AM Keren Hayesod United Israel Appeal Retrieved 9 June 2020 Steven Lowy takes over the reins at Hakoah J Wire 13 March 2019 Retrieved 9 June 2020 Steven M Lowy s Bio People www lowyinstitute org Retrieved 9 June 2020 Stensholt John ed 27 May 2016 2016 BRW Rich 200 Financial Review Australia Retrieved 7 June 2016 The Son Rises Steven Lowy ascends at Westfield The AFR Magazine Australia Retrieved 13 March 2015 Steven Lowy out of father s shadow Sydney Morning Herald 26 January 2010 Hewett Jennifer 13 November 2010 Holocaust truth set Frank Lowy free The Australian 2013 Company Annual Report Moriah College Australia Moriah College 29 May 2014 Retrieved 7 June 2016 Steven Lowy New President of Art Gallery of New South Wales Art Gallery of New South Wales Retrieved 13 March 2015 Hirst Mark K Lowy Steven M 1990 The linear additive and interactive effects of budgetary goal difficulty and feedback on performance Accounting Organizations and Society 15 5 425 436 doi 10 1016 0361 3682 90 90026 Q The son rises the ascendancy of Westfield s Steven Lowy Australian Financial Review Australia Retrieved 13 March 2015 a b c Myer Rod Lynch Michael 24 April 2004 No longer a family affair The Age Retrieved 7 June 2016 Westfield Fiftieth Anniversary westfieldcorp com Westfield Retrieved 13 March 2015 Modern American Convenient and New westfieldcorp com Westfield Retrieved 13 March 2015 Westfield Holdings Limited Annual Report 2001 PDF westfieldcorp com Westfield Retrieved 13 March 2015 Westfield World Trade Center westfield com Westfield Corporation Retrieved 21 September 2016 Westfield Expands Global Platform Into Milan Media Release PDF westfieldcorp com Westfield Corporation Retrieved 13 March 2015 Kevin McKenzie on Reinventing the Shopping Mall Business of Fashion Business of Fashion Retrieved 13 March 2015 Westfield launches Searchable Mall Inside Retail Inside Retail Retrieved 13 March 2015 Most Innovative Companies 2015 Westfield Labs for giving the mall a high tech makeover Fast Company com Fast Company Retrieved 13 March 2015 Board OneMarket OneMarket Retrieved 17 July 2018 Steven Lowy to retire as President of Art Gallery of NSW Art Gallery of NSW Art Gallery of NSW Retrieved 13 March 2015 Steven Lowy to stand down as Chairman Victor Chang Victor Chang Cardiac Research Institute Retrieved 13 March 2015 Mr Steven M Lowy AM Lowy Institute Lowy Institute for International Policy Retrieved 13 March 2015 The Directors of The Lowy Medical Research Institute Limited The Lowy Medical Research Institute Limited The Lowy Medical Research Institute Retrieved 13 March 2015 Scentre Group Ltd Executive Profile Steven Mark Lowy AM Bloomberg Bloomberg z8922934 13 November 2013 Australia s most generous UNSW Newsroom Retrieved 9 June 2020 About the Lowy Gift Lowy Cancer Research Centre Lowy Cancer Research Centre Retrieved 13 March 2015 Tovey Josephine Princess Mary opens Victor Chang centre smh com au Sydney Morning Herald Retrieved 13 March 2015 Lowy urges people to get involved in philanthropy theaustralian com au The Australian Retrieved 13 March 2015 Finishing off the 1997 journey Maccabi Australia Maccabi Australia Retrieved 13 March 2015 Gatt Ray 18 November 2015 FFA new chairman Steven Lowy privileged to take soccer s reins Australia among eight remaining bids to host Women s World Cup The World Game Retrieved 9 June 2020 Football Steven Lowy lashes FFA critics through exit door Wide World of Sports 19 November 2018 Government officesPreceded byDavid Gonski President of the Board of Trustees of the Art Gallery of New South Wales 2007 2013 Succeeded byGuido Belgiorno Nettis Retrieved from https en wikipedia org w index php title Steven Lowy amp oldid 1039841184, wikipedia, wiki, book,

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