After four years in the top job, legalsuper chief executive Luke Symons will step down on 30 June and take up the CEO role at Equip Super. Andrew Lill, who took on the role of legalsuper interim CIO in March 2025 after stepping down from Rest, is also set to depart the fund.

legalsuper insiders, speaking on condition of anonymity, told Investment Magazine that the $5 billion fund currently has no plans for a merger and that the near-simultaneous departure of the CEO and CIO are coincidental.

In a statement, legalsuper chair Kirsten Mander thanked Symons for the work he had done to deliver “considerable strategic and structural development” for the fund’s membership.

“Evidence of this development is demonstrated by achievements in key performance metrics including sustained top quartile investment returns and solid membership growth combined with strong member satisfaction levels,” Mander said.

Equip Super chair Michael Cameron touted Symons’ “two decades of leadership experience” across banking, wealth, management, financial advice and superannuation, and “unwavering commitment to improving member outcomes”.

“I am delighted to welcome Luke to the fund,” Cameron said. “The board looks forward to working with him as we continue to support members in achieving financial freedom in retirement.”

Lill is also departing on 30 June and will take up a role “outside the superannuation sector”. The board has appointed recruitment firm Sheldon Harris to find a replacement. Lill was contacted for comment.

The departures come amid a slew of executive changes at multiple funds. Last week, HESTA chief operating officer Stephen Reilly became the third executive to leave the fund in less than 12 months, following CEO Debby Blakey and chief risk officer Andrew Major out the door.

Veteran AustralianSuper CIO Mark Delaney is also set to leave the fund he’s worked at for more than 20 years, with a search for his replacement still underway. In 2025, Aware Super CIO Damien Graham was replaced by Simon Warner after leaving to take up the CIO role at Challenger, while former Qantas Super chief executive Michael Clancy joined Rest as CIO, ending the joint-CIO roles held by Simon Esposito and Kiran Singh, with Esposito subsequently leaving the fund.