Investment Committee


The structure of the CSSB ’s Investment Committee is outlined in Subsection 10(2) of the Act. The Committee is required to be comprised of:

  • The chairperson of the Board

  • Deputy Minister of Finance

  • A person appointed from among their number by members of the Board representing employees

  • The general manager of the Fund; and

  • At least two, but not more than four persons, appointed by the CSSB on the recommendation of the members of the Committee.


Persons recommended for appointment to the Committee shall be selected based upon their investment experience and competence.

Subsection 10(4) of the Act requires the Committee to regularly review the investments in which the Fund is invested. They meet at least eight times each year to accomplish this objective and at the same time receive governance-related investment information.


Chair – Mr. Scott Penman*

CSSB Chairperson – Mr. Al Morin^
Assistant Deputy Minister of Finance – Mr. Don Delisle^
General Manager – Mr. Bruce Schroeder^
Mr. Brian Allison*
Mr. Richard W. Brownscombe*
Mr. Jody Gillis^

Ms Elizabeth Marr*

^Required by legislation
*Appointed based on investment expertise


The Investment Committee also manages the assets of the Manitoba Hydro Employer Fund and three Centra Gas portfolios. Manitoba Hydro appointed the following person as their designated member to those committees.


Ms Susan Stephen

The Civil Service Superannuation Board of Manitoba

Member-focussed  -  Future-focussed

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