Shoaib Khan was hired as the deputy director of the New Jersey Division of Investment, which handles investments for the $83.3 billion New Jersey Pension Fund.
Mr. Khan's hiring was announced Wednesday at a virtual meeting of the New Jersey State Investment Council, which formulates policies for the division, a unit of the state Department of the Treasury.
Mr. Khan, who started work Jan. 4, takes a job that had been vacant since July 2018 when the division's former deputy director, Corey Amon, became acting director following the departure of Christopher McDonough. Mr. Amon was named permanent director in March 2019.
"Shoaib Khan is a welcome addition to our team," Mr. Amon said in a news release. "He brings a tremendous amount of experience with him that will serve the division well during this exciting time."
Most recently, Mr. Khan was a senior portfolio manager at the Florida State Board of Administration, Tallahassee, the news release said. The FSBA oversees a total of $207.8 billion including the $167.4 billion Florida Retirement System.