The $3 billion Policemens Annuity and Benefit Fund of Chicago yesterday published an RFP for a master custody services.
The core services to be provided under the mandate may include domestic and international master trust/custodial services, securities safekeeping, settlement, valuation, foreign exchange services, performance measurement, collection of income, and providing a management/accounting and information retrieval system. Applicants should also be able to provide securities lending services.
The funds existing custodian is Northern Trust.
The RFP questionnaire should be submitted by Dec 31, 2012. For further information and to submit an RFP, click here.
(JDC)