Leadership. Responsibility. Growth. Sustainability.

Program in partnership with the National Association of State Treasurers (NAST) Foundation

Celebrating 10 Years of Empowering Public Finance Leaders | July 20–23, 2025 | Pepperdine University | Malibu, CA

Celebrating 10 Years of Empowering Public Finance Leaders | July 20–23, 2025 | Pepperdine University | Malibu, CA

Shoaib Khan
Shoaib Khan
Director and CIO, New Jersey Division of Investment

As Director and Chief Investment Officer, Shoaib Khan is responsible for the investments and overall operations of the New Jersey Division of Investment. The Division of Investment is responsible for the investment oversight of the State of New Jersey’s pension funds, directly managing assets of approximately $73 billion as of May 30, 2025 and supports the retirement plans of over 800,000 members. The Division of Investment also manages the State of New Jersey’s Cash Management Fund with assets of approximately $38 billion as of May 30, 2025.

Shoaib joined the Division of Investment in January 2021 as Deputy Director and Deputy Chief Investment Officer. In June 2021, he assumed the role of Acting Director and in May 2022, was sworn in as Director and Chief Investment Officer. Throughout his career, Shoaib has served in numerous senior management positions at both public and private investment institutions domestically and around the globe.

Prior to joining the Division of Investment, Shoaib served as a Senior Portfolio Manager at the Florida State Board of Administration in Tallahassee, Florida. He has also previously served as Global Head of Portfolio Management at Union Bancaire Privee (UBP) in Geneva, Switzerland and Strategy Head at J.P. Morgan Alternative Asset Management in New York. Shoaib holds a Bachelors of Business Administration from Florida International University and received a Masters of Accounting from Nova Southeastern University. He is a CFA Charterholder and a CPA.