Ashbel C. "Ash" Williams Jr. executive director and chief investment officer of the Florida State Board of Administration, Tallahassee, is retiring from the board on Sept. 30.
Succession planning will be discussed at the state’s cabinet meeting on Sept. 21, said spokesman John Kuczwanski.
Mr. Kuczwanski said Mr. Williams was enrolled in a deferred retirement program and his retirement is a result of the requirements of the program. While Mr. Williams is considering future opportunities following his departure, he is holding off on discussions with financial firms at this time due to potential conflicts of interest with the state board, Mr. Kuczwanski said.
Mr. Williams has headed the board since 2008 after a stint as managing director of hedge fund manager Fir Tree Partners. His 13-year run at the head of one of the largest U.S. asset owners is his second, having previously led the board from 1991 to 1996.
Florida State Board of Administration oversees a total of $252.8 billion in assets, including the $199.6 billion Florida Retirement System.