Ashbel C. "Ash" Williams Jr. was named vice chairman-asset management at J.P. Morgan Asset Management. It is a new position.
Mr. Williams was formerly the chief investment officer and executive director of the Florida State Board of Administration, Tallahassee, JPMAM said in a news release Monday.
Mr. Williams, who will continue to be based in Tallahassee, will work for the firm part time, reporting to Keith Cahill, head of North America institutional, the news release said.
As a part-time employee, Mr. Williams will work "less than 40 hours per week," spokeswoman Kristen Chambers said in an email.
Mr. Williams will "work alongside J.P. Morgan's team of client advisers, engaging with investors to deliver thought leadership and investment insights that can help clients achieve their investment objectives," the release added.
"Ash's experience overseeing one of the largest public pension plans in the world will make him a key resource for our clients and investment teams as we navigate the challenges ahead," Mr. Cahill said in the release.
Mr. Williams retired from Florida SBA on Sept. 30. At that time, Lamar Taylor was named interim executive director and CIO.
Florida SBA oversaw a total of $253.1 billion, including the $200 billion Florida Retirement System, as of Jan. 31, according to its latest performance report to trustees.
Florida SBA could not be immediately reached for further details.
J.P. Morgan Asset Management had $2.7 trillion in assets under management as of Dec. 31.
