New Jersey Department of the Treasury, Trenton, is searching for a director/chief investment officer to oversee the state’s seven defined benefit pension funds under its New Jersey Division of Investment unit, according to a posting on the Treasury Department’s website.
William G. Clark, the previous director/CIO, was named senior vice president and CIO at the Federal Reserve System’s office of employee benefits on March 1.
The director/CIO will oversee the investment of $67.4 billion, as of Jan. 31, in state pension assets; formulate and adopt investment plans; oversee in-house investment staff; and evaluate and select investment strategies; external advisers, consultants and subadvisers, according to the posting. The post will be directly overseen by New Jersey state Treasurer Andrew P. Sidamon-Eristoff.
Resumes and cover letters must be sent by March 31 via e-mail to [email protected] or mailed to Director, Search Committee, New Jersey Department of the Treasury-Division of Administration, P.O. Box 210, Trenton, NJ 08625-0210, Attn: Linda Price, Supervisor-Employment Unit.
More information can be found at http://www.nj.gov/treasury/administration/job-op/postings/investment-director.pdf.
A Division of Investment spokesman could not be reached for comment.