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Tim Walsh departs New Jersey Division of Investments

by Sara Kassabian

Tim Walsh is leaving his position as the director of the $74 billion New Jersey Division of Investments (NJDI), according to a statement.

Walsh’s last day with the NJDI is August 30. He has served as director of the division since August 2010.

Various news sources report that Walsh will be joining Gaw Capital North America as president and COO. Gaw Capital is based in Hong Kong, but Walsh will be in the firm’s U.S. office.

A search committee of council members has been formed to find a replacement for Walsh. Chris McDonough, deputy director of NJDI, will serve as acting director until a permanent director is hired. The investment council aims to hire a new director of the NJDI before 2014 and will consider internal and ext

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