By Muskan Arora
Andrew Lill, the CIO of one of Australia’s largest profit-to-member superannuation funds, the $58.87bn Rest, has announced he will step down from his role in November, as per an announcement on Thursday.
While Rest was established in 1988, Lill
was the system’s first CIO who joined in August 2020.
“I want to recognize and thank Andrew for
the work he has done to create a strong foundation for the investments team in
alignment with Rest’s unique member profile,” said Vicki Doyle, Rest’s CEO, in
a statement.
The system offers multiple retirement
options.
Rest’s core strategy returned 8.67% in
fiscal year, which ended June 30 and returned 6.75% and 7.41% for its 10-, and
20-year return.
The system’s balanced pension options
returned 7.56% in fiscal year 2024 and 6.27% and 7.11% for the past 10 and 20
years.
Prior to this, Lill joined Morningstar as
CIO of Asia Pacific in January 2014, and in 2018 got promoted to CIO of
Americas.
Before that, he was the council board
director for over four years. He also served as the head of investment
specialists and head of investment solutions for AMP Capital for almost five
years.
He is also held the role of director of
investment strategy at Russell Investments for almost two years.
(Image: Rest’s website)
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