Australian businessmen Peter and Stephen Lowy are joint chief executives of the Westfield Group, one of the world’s biggest retail development companies. Spread across 120 shopping centres and counting in the United States, Australia, the United Kingdom and New Zealand, the company’s portfolio generates annual sales of $58 billion.
Their father, Frank Lowy, co-founded the Westfield Group, which has made him the single wealthiest person in Australia.
His son Peter Lowy has almost 30 years of experience, having worked for the family business since 1983, rising to the position of managing director in 1997. He was a former investment banker working in London and New York, and has a bachelors degree from the University of New South Wales. He also has a number of civic appointments, including serving as the Chairman of the Homeland Security Advisory Council, and is a director at the Lowy Institute for International Policy.
Stephen Lowy served as co-managing director of the Westfield Group and was also a former investment banker working in New York before joining the company. He has a bachelors degree from the University of New South Wales, as well, and sits on the board of Trustees of the Art Gallery of New South Wales.