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Department of the Treasury

For Immediate Release:
January 25, 2023
Media Contact:
Melinda Caliendo

Division of Investment Announces Appointment of Two Deputy Directors

(TRENTON) - New Jersey Department of the Treasury’s Division of Investment announced today the appointment of Lisa A. Walker as deputy director and deputy chief investment officer, and William (Bill) J. Connors as deputy executive director and deputy chief investment officer.

Connors was elevated from his role as head of fixed income within the Division, while Walker comes to the Division with a wealth of private sector experience.

“The Division of Investment is one of the largest pension fund managers in the United States, and Bill and Lisa will play a key role in the Division’s management of the retirement assets of hundreds of thousands of public employees and retirees,” said Treasurer Elizabeth Maher Muoio. “We are excited about the innovative policies and strong fiduciary commitment both will bring to the Division’s talented leadership team.”

“By promoting Bill and bringing Lisa in, our leadership team is now well-rounded with institutional knowledge and fresh ideas,” said Chief Investment Officer and Director of the Division of Investment Shoaib Khan. “The people who rely on us to maximize the return on the New Jersey Pension Fund investments can be confident in the breadth and depth of investment experience of these two professionals.”

Connors has been with the Division of Investment since 2020, when he was brought in to lead the fixed income team. Throughout his three-decade career, Connors has demonstrated expertise in investment policy, asset allocation and governance, portfolio construction, and operations management in traditional and alternative investments. He holds a BA in mathematics from Drew University and a Masters of Business Administration in Finance from Columbia University – Columbia Business School.

Walker has had a three-decade long career working in the private sector for firms including JP Morgan, Goldman Sachs, and Merrill Lynch. Most recently, Walker was a senior investor on BlackRock’s Global Allocation Fund, a multi-asset strategy fund with assets under management during her tenure of up to $100 billion. She also previously managed their Financial Services Fund and was a senior investor on their SmallCap Fund. Walker has expertise investing across asset classes including public equities, fixed income, currencies, commodities and derivatives, and across all geographies. She holds a Bachelor of Science in Business Administration from Georgetown University and a master’s in Business Administration from Harvard Business School.

Walker and Connors started their new positions as of Jan. 3, 2023.

Last Updated: Wednesday, 01/25/23