Timothy M. Walsh was named director of the New Jersey Division of Investment and chief investment officer overseeing the state's seven defined benefit pension plans with a combined $67.6 billion in assets, confirmed Bill Quinn, spokesman for State Treasurer Andrew Sidamon-Eristoff.
Mr. Walsh is expected to take over in early August, Mr. Quinn said. Ray Joseph, deputy director at the Division of Investment, is interim director and CIO.
The previous CIO, William G. Clark, left to become senior vice president and CIO at the Federal Reserve System's Office of Employee Benefits on March 1.
Mr. Walsh was CIO of the $8.5 billion Indiana State Teachers' Retirement Fund, Indianapolis. Efforts to reach officials at the Indiana Teachers plan were unsuccessful.