Shoaib Khan, who has been acting director of the New Jersey Department of Treasury’s Division of Investment since June 2021, has been selected as permanent director of the division, according to a Friday announcement from Treasurer Elizabeth Maher Muoio.
Khan has been acting in the role since former Director Corey Amon departed last June.
“Shoaib has been instrumental in managing the overall operations of our Division of Investment, which is one of the largest pension fund managers in the United States. His experience as deputy director and acting director will serve him well as he leads the division in a permanent capacity,” Muoio said. “Shoaib has worked diligently to advance innovative policy initiatives, including the new Emerging Managers program, and he has always maintained a strong commitment to DOI’s fiduciary responsibilities to the over 800,000 members of our public pension system. I wish him all the best in his new role.”
Throughout his lengthy career, Khan has served in numerous senior management positions at both public and private investment institutions domestically and around the globe.
“I’m honored to be selected to serve as permanent director of DOI, and would like to thank the treasurer and State Investment Council for their trust and support,” Khan said. “I look forward to continuing the division’s crucial work and upholding its high fiduciary standards.”
Prior to joining Treasury, Khan served as a senior portfolio manager at the Florida state board of administration. During his career he has also been with Union Bancaire Privee, a Switzerland-based private bank.