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Ash Williams resumes head of state pension fund

After a decade on Wall Street, Ash Williams will return to work in Florida government as head of the State Board of Administration. He will be replacing Robert Milligan, the state's former comptroller who took the job on as interim director last December, after then-director Coleman Stipanovich resigned in the wake of a run by municipal governments n the local government investment pool.

Gov.  Charlie Crist and the Cabinet unanimously approved Williams' appointment. He last headed the SBA in 1996 and was lured away to Wall Street where he managed investment funds for corporate clients. Back in Florida, he will manage the $166 billion Florida Retirement System accounts and make an annual salary of $325,000.