Aaron Binder has been named New Jersey's deputy state treasurer, according to Elizabeth Maher Muoio, state treasurer.
Mr. Binder succeeds Catherine Z. Brennan, who left in September to become senior vice president and chief financial officer for New Jersey Institute of Technology, Newark.
Mr. Binder, who will start in the position Dec. 1, will assist in managing the state budget and will oversee the Treasury department's Office of Management and Budget and the Office of Revenue and Economic Analysis, said a Treasury Department news release Monday.
The news release also said Michael Kanef will become an assistant state treasurer, responsible for overseeing the department's divisions of public finance, investment, and lottery. The investment division manages investments for the $94.4 billion New Jersey Pension Fund, Trenton. The state lottery is an asset of the pension fund.
Mr. Kanef, who has been director of the division of public finance, will assume his new role Saturday. He succeeds Dini Ajmani, who resigned in September to become deputy assistant secretary for capital markets at the U.S. Department of the Treasury.
David Moore, the current deputy director of the public finance division, will serve as acting director until a permanent replacement is chosen, said Jennifer Sciortino, a New Jersey Treasury Department spokeswoman, in an email.
Mr. Kanef will be joined by Andrea Spalla, whose promotion to assistant state treasurer also takes effect Saturday. She will be in charge of the department's divisions of pension and benefits, purchase and property, and property management and construction, representing the consolidation of responsibilities previously held by two other executives. Ms. Spalla has been the department's director of legislative affairs and constituent relations, and she will temporarily remain in charge of those duties, Ms. Sciortino wrote.
