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Shoaib Khan will lead the New Jersey Treasury Department’s Division of Investment after serving as acting director following the departure of Corey Amon in June 2021, Treasury said.

“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 in a statement released Friday. “I look forward to continuing the Division’s crucial work and upholding its high fiduciary standards.”

New Jersey Treasurer Elizabeth Muoio appointed Khan after the State Investment Council submitted him as a qualified candidate, and she praised his leadership on “innovative policy initiatives” like the department’s new Emerging Managers program.