The $2 billion investment fund of the Motor Accident Commission (MAC) of South Australia is seeking its first chief investment officer.

Reporting to chief executive officer Andrew Daniels, the CIO will manage the MAC’s portfolio (which includes a sizeable directly-held property portfolio) and will develop and implement new strategies to assist the fund meet its long term objectives.

MAC has to date had four internal investment staff – an investment manager, an investment  officer, and two people to look after the direct property portfolio.