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Legalsuper nabs Rest for interim CIO
The industry super fund has appointed an interim chief investment officer following the departure of its last CIO after nine months in the role.
Andrew Lill has joined legalsuper as its interim CIO, having recently spent over four years as Rest’s first in-house CIO.
The appointment follows the resignation of legalsuper’s previous CIO, Paul Murray, who exited after spending less than one year in the executive position.
Luke Symons, chief executive of legalsuper, welcomed Lill into his new position, however noted the fund is still on the hunt for a permanent replacement.
“Andrew joins us in an interim capacity from one of Australia’s largest industry funds whilst we undertake our broader search for a permanent CIO. He brings with him 25 years of exceptional investment experience gained domestically and abroad across industry super and retail investment management,” Symons commented.
The CEO said Lill will assist in further evolving legalsuper’s strategic investment architecture to support its broader mission of providing its membership with the services and investment performance to enhance their lives in retirement.
“As the superannuation sector becomes increasingly dynamic, legalsuper’s organisational agility enables us to identify needs, innovate and effectively execute strategies and Andrew’s expertise will make a substantial contribution to this next phase in our fund’s development,” he said.
Prior to his four years at Rest, Lill served at Morningstar Investment Management for more than six years as its CIO for Asia Pacific and the Americas.
He also spent nearly five years at AMP Capital as its head of investment specialists and investment solutions, as well as over seven years at Russell Investments as its director of investment strategy.
“I am delighted Andrew will be adding his considerable expertise to this next phase in legalsuper’s strategic investment design and development mission,” Symons continued.
Last month, Cbus promoted its current head of portfolio strategies, Gavin Leigh, to the role of deputy CIO. According to the fund, Leigh first joined Cbus in 2023 to drive its strategy to internalise more than half its assets under management and enhance global partnerships.
Cbus said that the promotion came shortly after the fund passed $100 billion in funds under management, with Leigh’s appointment poised to play a role within the next phase of growth of the Cbus’ internal investment model.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a cadet journalist at Money Management and Super Review. Prior to joining MM and SR, she also worked across other Momentum Media brands as an intern. Jasmine previously completed an internship at Mamamia news. She is currently studying a Bachelor of Media and Communications at Macquarie University.
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