Thomas Murray have been appointed by the City of Edmonton to manage the City’s search for a custodian and trustee for their endowment, defined benefit pension plans and other investment portfolios.
“The City requires a global custodian that will meet its changing needs and specifically provide responsive and proactive client service. Thomas Murray initiated and managed the Request for Proposal on our behalf and the review is now in its final stages. The preferred custodian must be able to demonstrate product and service excellence against all criteria, improve operational efficiencies and maximize securities lending opportunities,” says Sandy McPherson, chief investment officer, City of Edmonton.
“Our objective is to ensure that the service arrangements offered to the City meet best market practice and that they are competitive in the marketplace. We are delighted to be assisting the City of Edmonton with their custodian search,” adds Arti Sharma, senior vice president, Business Development and Relationship Management.