The Board of Trustees of the Maryland State Retirement and Pension System will tomorrow vote on the renewal of its global custody contract with State Street.
The $36 billion pension funds CIO A. Melissa Moye recommended the renewal to the investment committee, which on Friday voted to recommend the two-year extension of the contract to the Treasurer.
State Street provides custody, settlement, accounting auding and reporting services, performance measurement and analytics and compliance monitoring to the fund.
The Trustees need to recommend to the Treasurer the extension of agreement with State Street, effective Jan. 1 2013.
(JDC)