Corey Amon was named deputy director of the New Jersey Division of Investment, the office in the state Treasury Department that manages investments for the $81.2 billion New Jersey Pension Fund, Trenton.
Mr. Amon, who started Monday, had been assistant treasurer for Ryder System Inc., Miami.
“Corey has nearly 20 years of investment experience including roles as a fiduciary on the investment committee for a Fortune 500 company and as a portfolio manager at an institutional portfolio management firm,” Christopher McDonough, the division's director, wrote in an e-mail. “We expect him to play an intricate role in all aspects of portfolio and operations management at the division.”
Michael Wszolek, chief trading officer, had been acting deputy director prior to the hiring of Mr. Amon. Mr. Wszolek became acting deputy director in March 2014 after Mr. McDonough was named director of the division and chief investment officer of the pension fund.
In an e-mail, Treasury Department spokesman Christopher Santarelli said the search for a deputy director began immediately upon Mr. McDonough's appointment as director, after having served as deputy director since January 2011.
According to a biography provided by the New Jersey Division of Investment, Mr. Amon served as a fiduciary on Ryder's investment committee and “had numerous responsibilities … including asset allocation, manager searches, due diligence and ongoing performance evaluation, as well as regulatory and guideline monitoring and compliance for defined benefit and defined contribution plans.”
Ryder had $2.39 billion in total U.S. retirement assets as of Dec. 31, according to company filings with the Securities and Exchange Commission. Cindy Haas, a Ryder spokeswoman, didn't return requests for comment by press time.
