Legalsuper appoints ex-Relaxation CIO to interim position | Australian Markets
Trade tremendous fund Legalsuper has named Andrew Lill, present chief investment officer (CIO) at Relaxation Tremendous, as interim CIO.
Welcoming Lill to the interim position, Legalsuper chief govt Luke Symons mentioned the skilled investment skilled will make “a substantial contribution to this next phase in our fund’s development”.
Lill, Symons added, will probably be tasked with additional evolving the $6 billion tremendous fund’s strategic investment structure, “[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 previous Relaxation CIO steps into the position vacated by Paul Murray, who departed Legalsuper on the finish of 2024. Murray left after simply 9 months into his tenure citing personal causes.
A veteran investment skilled, Lill joins legalsuper after 4 years as Relaxation CIO, the primary to occupy the position.
Lill famous on his LinkedIn his central position in insourcing Relaxation’s investment management functionality, building a “competitive, confidently mature internalised investment management model with technology and data enablers to be a competitive advantage”.
Throughout his tenure, Relaxation noticed a appreciable increase in its funds beneath management, growing from $55 billion to $91 billion.
Throughout his more than 25-year investment companies profession, Lill has held senior roles at AMP Capital, together with as head of investment options, and Russell Funding.
Previous to becoming a member of Relaxation, he served as regional CIO at international investment firm Morningstar, together with a almost five-year stint as investment chief of the firm’s APAC division, and over a yr as North America CIO.
Legalsuper CEO Symons mentioned the fund’s investment efficiency 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.”
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