Andrew Lill is set to join Minderoo Foundation as chief investment officer in July. The charitable foundation, set up in 2001 by Andrew and Nicola Forrest, manages around $9 billion in assets across public and private markets.

“Andrew brings deep experience and a fresh perspective,” said John Hartman, CEO of Minderoo. “We look forward to welcoming him as we continue to advance Minderoo’s mission and approach to responsible investing.”

Hartman also thanked former CIO Bruce Tomlinson “for his leadership over the past four years”.

“During this time, our endowment has grown significantly and our investment approach has evolved,” Hartman said. “I’m pleased that Bruce will continue to contribute his expertise, transitioning to a volunteer role on Minderoo’s investment committee from May.”

This week, legalsuper announced that Lill would leave his role as the fund’s interim CIO, which he took up after five years in the top investment role at Rest. He is the latest in a number of former super fund investment personnel who have headed to endowments and family offices following careers in superannuation, including former Cbus CIO Brett Chatfield and former Qantas Super CIO Andrew Spence.

On LinkedIn, Lill said the opportunity was “too good to pass by”.

“Minderoo is 25 years old and is the largest family office foundation by size of assets in the ANZ region. But it’s the purpose and delivery to creating positive change in society and mission set by the  co-founders Andrew Forrest and Nicola Forrest that really drives my inspiration.

“Family offices and foundations are really growing in size and influence in this region. Further afield in the US much of the innovation in multi-asset investing has emanated from endowments and foundations – and they give so much back through positive impact in our environment and communities without sacrificing commercial returns.”