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The Minnesota Legislature has established a seventeen member Investment Advisory Council (IAC) to advise the Board and its staff on investment-related matters. All proposed investment policies are reviewed by the IAC before they are presented to the Board for action.
IAC Mission Statement
The IAC fulfills its statutory duty to the Minnesota State Board of Investment (SBI) by providing advice and independent due diligence review of the investment policy and implementation recommendations that guide the SBI’s investment of assets.
Public Members
The Board appoints ten members from the public experienced in finance and investment. These members traditionally have come from the Minneapolis and St. Paul investment community.
Gary Martin, Chair
Chief Investment Officer
Macalester College
Kim Faust, Vice Chair
Vice President and Treasurer
Fairview Health Services
Susanna Gibbons
Managing Director
Carlson Funds Enterprise
Carlson School of Management
Amy Jensen
Chief Investment Officer
Lansing Group, LLC
Dan McConnell
President
Minnesota State Building and
Construction Trades Council
Nancy Orr
Chief Investment Officer,
Vice President - Investments
Charles Stewart Mott Foundation
Carol Peterfeso
Managing Director of Investments
Bush Foundation
Dennis Santos
Senior Vice President & Chief Investment Officer
Okabena Investment Services
Sunil Swami
Chief Investment Officer
Alerus
Shawn Wischmeier
Chief Investment Officer
Margaret A. Cargill Philanthropies
Permanent Members
The Commissioner of Minnesota Management and Budget and the Executive Directors of the three statewide retirement systems (Minnesota State Retirement System, Public Employees Retirement Association, and Teachers Retirement Association) are permanent members of the IAC.
Erin Campbell
Commissioner
Minnesota Management & Budget
Erin Leonard
Executive Director
Minnesota State Retirement System
Doug Anderson
Executive Director
Public Employees Retirement Association
Jay Stoffel
Executive Director
Teachers Retirement Association
Employee and Retirement Representatives
The Governor appoints two active public employee representatives and one retiree representative to the IAC.
Denise Anderson
Governor's Appointee
Active Public Employee Representative
Ify Onyiah
Governor's Appointee
Active Public Employee Representative
Peggy Ingison
Governor's Appointee
Retiree Member Representative