Ray Joseph was named director in Barclays' investor solutions group, confirmed spokesman Mark Lane.
It is a new position. Mr. Joseph will cover pension plans, foundations and endowments, assisting clients in asset strategies such as risk parity, tail-risk hedging, liability-driven investing and risk budgeting solutions. He will be based in New York.
Mr. Joseph was principal deputy trustee at the Interior Department's Office of the Special Trustee for American Indians from January to December 2011, where he oversaw a roughly $5 billion trust.
Mr. Joseph had been selected in April as general manager of the $15.7 billion Los Angeles Fire & Police Pension Plan but turned down the job.