Shoaib Khan Appointed as CIO and Permanent Director of New Jersey's Division of Investments
He is the first CIO to be hired after New Jersey scrapped its CIO salary cap law.
Stay updated with breaking news from Corey Amon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
He is the first CIO to be hired after New Jersey scrapped its CIO salary cap law.
Shoaib Khan has been promoted to director of the state division of investment and CIO of the New Jersey Pension Fund.
Credit: train_photos via Creative Commons under CC BY-SA 2.0 Freight train climbing hill After plummeting at the onset of the pandemic last year, booming investment earnings have helped push the total value of pension fund assets over $90 billion, officials said Wednesday during a public meeting of the New Jersey State Investment Council. “The results, obviously, have been very favorable,” investment council chairman Deepak Raj said during the meeting. The potential record-setting investment performance comes as the state has been ramping up pension contributions in recent years to climb ...
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Leadership Transition at Division of Investment Announced May 12, 2021, 2:15 pm | in Leadership Transition at Division of Investment Announced (TRENTON) – New Jersey Department of the Treasury’s Division of Investments Director Corey Amon announced Tuesday that he is resigning his position, effective June 4, to pursue a new opportunity. Shoaib Khan, Deputy Director of the Division, will serve as Acting Director following Amon’s departure to ensure a seamless transition in order to protect the retirement of hundreds of thousands of public employees. “Co...