Legalsuper appoints ex-Rest CIO to interim role

Industry super fund Legalsuper has named Andrew Lill, current chief investment officer (CIO) at Rest Super, as interim CIO.

Welcoming Lill to the interim role, Legalsuper chief executive Luke Symons said the experienced investment professional will make “a substantial contribution to this next phase in our fund’s development”.

Lill, Symons added, will be tasked with further evolving the $6 billion super fund’s strategic investment architecture, “[supporting Legalsuper’s] broader organisational mission of providing our fast-growing membership with the services and investment performance to enhance their lives in retirement.”

The former Rest CIO steps into the role vacated by Paul Murray, who departed Legalsuper at the end of 2024. Murray left after just nine months into his tenure citing personal reasons.

A veteran investment professional, Lill joins legalsuper after four years as Rest CIO, the first to occupy the role.

Lill noted on his LinkedIn his central role in insourcing Rest’s investment management capability, building a “competitive, confidently mature internalised investment management model with technology and data enablers to be a competitive advantage”.

During his tenure, Rest saw a considerable increase in its funds under management, growing from $55 billion to $91 billion.

Across his more than 25-year investment services career, Lill has held senior roles at AMP Capital, including as head of investment solutions, and Russell Investment.

Prior to joining Rest, he served as regional CIO at global investment firm Morningstar, including a nearly five-year stint as investment chief of the firm’s APAC division, and over a year as North America CIO.

Legalsuper CEO Symons said the fund’s investment performance continues on an “extremely strong trajectory, ranking in the top quartile of the SuperRatings MySuper all fund benchmark for the current financial year to 31 January, in addition to outperforming the SuperRatings all fund median over 1, 3, 5 and 10 years.”